Bar North Side !! Absentee Run !! Owner Profit $57,040 !!!

Price: $139,900

Location: Columbus, Franklin County

Industry: Bar

Listing Category: Bars

Listing ID: 80100

Great Bar located on north side in a busy strip center (Ample Parking) which is surrounded by apartments, single family homes, and businesses.  The bar has a D-5 (Beer, Wine, Spirits) and D-6 (Sunday Sales) liquor license as well as Keno.   Seating capacity inside is 88 with another 55 on the outside patios (Great For Parties) .  The bar has two Pool Tables, 14 Flat Screen TV’s (various sizes), ATM, Vending Games, Juke Box, Twelve Beer Taps and a very comfortable decor.

The Bar has a kitchen with a Type 2 Hood they presently only use it to serve Hot dogs and Popcorn !!  Tremendous upside for a new owner that fires up the kitchen and expands the menu !!

Great Lease !  Total Rent is ONLY $3,265 per month !!

The bar is presently run 100% Absentee !  The owner only spends between 5-8 hours per week taking care of paperwork and ordering.  The owner does NO Marketing !!

Continue to Run this Bar Absentee or get more Engaged and get this bar to reach its Full Potential !!

 

Listing Details

Total Sales: $228,708

Cash Flow: $57,040

Inventory: $2,500

Terms and Conditions?:

Potential Seller Financing to Qualified Buyer having 60%-70% Cash Down.

Reason For Sale:

Owner has other business interest.

Training & Support:

Seller to provide training and support to insure a smooth transition to a new owner.

Operation

Year Established: 2014

Year of Last Acquisition: 2014

Days & Hours of Operation: Monday-Sunday 2:00 pm - 2:30 am

Owner Hours Per Week: Only between 5-8 Hours Per Week. Owner does paperwork and ordering.

Employees: 7 PT

Managers: 2 PT

Absentee Owner?: Yes

Location

Security on Lease: $2,524

Lease Option: Lease Expires October 2019 with One (1) Five (5) Year Option to Renew. Base Rent Thru Oct 2019 Only $15 per sq ft. For Entire 5 Year Option Base Rent Only $16.5 per sq ft.

Monthly Rent: 3265

Type of Location: Strip Center End Located in Busy Center

Square Footage: 2,019

Facilities Information:

Great End Cap Location within busy center. Lease Expires 10/2019 with 5 year option to renew. Total Rent only $3,265 per month !! Seating inside for 88 with 55 more on outside covered patio. Bar has an equipped kitchen with Type 2 Hood.

Summary

Potential Growth:

Business is surrounded by apartments and single family homes in great SAFE area !!  A new Owner one that is more engaged in the business can Fire up the kitchen and market to potentially increase and drive sales  for bar to reach its Full Potential !!!

Financing/Terms:

Potential SHORT TERM Seller Financing to Qualified Buyer having 60%-70% Cash Down.

Afilliations