Retail - Bars/Taverns | Retail - Other Eating & Drinking Places

Asking Price	$1,500,000	Inventory
Gross Income	$300,000	Real Estate	$1,100,000**
Cash Flow	Not Disclosed	Year Established	2005
FF&E	$250,000*	Employees	N/A

* included in the asking price

** not included in the asking price

These two historic properties have been completely renovated within the last 3 years. The restaurant/bar is over 6,000 sq.ft. seats 70 and everything from the floors, ceilings, pool tables, restaurant equipment and HVAC throughout is brand new. The bar is open until 2am on weekends and has live music. Karaoke has become very popular with the local patrons. The banquet hall is on the ground floor of the 3-story building next door to the restaurant, with both facilities sharing the kitchen. The building totals 13,500 sq. ft. each floor having 4,500sq.ft.. The two floors above the banquet hall are 50% finished. The 2nd floor has been completely renovated to what could be called very upscale apartments/condo units. The 3rd floor has been partially completed with plumbing, sand blasted brick, and power. High ceilings make this perfect for a loft apartment or condo application. The 2 bedroom units have great views over the quant downtown area. The banquet hall features its own bar area, foyer, restrooms, office and the capacity to seat over 200 guests in style. Completely refinished hardwood floor are featured throughout both buildings. With over 5,000 new homes scheduled to be built in the area bringing thousands of potential customers to the only bar and banquet facility in the area. Priced at 1.5 million for both properties and businesses, this is perfect for the restaurateur/investor buyer.

Financing: Negotiable

Reason Selling: Health Problems