Beer & Wine Bar
Location:
United States
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California
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Southern California - All Southern California
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Ontario
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
This Ontario beer and wine sports bar for sale is a clean, well-established watering hole that has been a local favorite for decades. While this bar enjoys a strong customer base largely comprised of nearby residents, its location provides convenient access to customers throughout Ontario and adjacent cities. The sale includes all of the bar's furniture, fixtures and equipment, including its surveillance system (that allows for remote monitoring) and beer and wine license. The video games, pool tables, Jukebox, etc. are on a 50% revenue split agreement, and are not owned.
Asking Price $160,000.
The 1,700 square foot facility leases for $3,800 per month, on a lease until February 2011, with one five year option. The bar's official occupancy is for 48 patrons, however, it can likely accommodate more.
This is a typical neighborhood bar with a loyal local customer base. That said, due to the high density of local companies (whose employees frequent the establishment), as well as the business's excellent freeway access, this bar has a natural competitive advantage over alternate entertainment venues.
This is a beer and wine bar and does not have to engage in food sales so it can maintain a very simply and economical cost structure, allowing it to pass on saving to its customers in the form of lower drink prices. As such, this bar can thrive via offering various promotions to customer with low cost drinks. Such promotions may include sporting events, customer competitions, holiday parties, etc.
Financials
Asking Price Range: < $250K
Gross Revenues:
$192,000
Cash Flow:
$53,600
Cash Flow Type: Sellers Discretionary Cash
Inventory: $2,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1990
Number of Employees: 4 - 5
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours / week.
Click on the "I'm Interested" button above for more information on this Bars and Nightclubs > Bars and Pubs business for sale.
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Print Listing Id: 700109217
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