Bar

This bar has been a Green Grove Springs destination for many years. Indoor and outdoor stages, pool, darts, table games, full bar, liquor license valued at $350,000 included with the price, Indoor and outdoor bars. Hosts many charitable events annually and is the sought-after destination to host these events.
The seller is the property owner and is willing to sign a lease as long as the Buyer would like. Lots of low-hanging fruit on this one. Add food and the revenue will easily increase.
The seller has a brilliant idea for a build-out which will offer food for in the bar and outside the bar.

Down Payment: $500,000

Cash Flow: $220,320

EBIT: N/A

EBITDA: N/A

FFE: $30,000

FFE Included: Yes

Inventory: $1,000

Inventory Included: Yes

Year Established: 2015

Days & Hours of Operation: 11-2AM

Owner Hours Per Week: 40

Managers: 1

Monthly Rent: $5,000

Square Footage: 2000

Reason For Sale:

Retirement

Training & Support:

30 days or more, no cost

Financing/Terms:

Seller will hold note of $350,000 for 60 months at 10% interest