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

Asking Price	$750,000	Inventory	$10,000**
Gross Income	$1,330,000	Real Estate
Cash Flow	$197,000	Year Established	1992
FF&E	N/A	Employees	20

* included in the asking price

** not included in the asking price

Well established business available for right owner. The current owner, while not absentee, has relegated her role to administrative for many years. All day to day affairs of the business, including: purchasing, preparation, and schedule changes, daily banking, etc. are managed by employees. The owner spends more time out of state and is going to sell to the buyer who can demonstrate an ability to operate the business and a demonstration of financial strength. Four years of tax returns are available. Buyer most submit financial and sign CDA.

Attachments: Download additional information (PDF)

Facilities: Simple facility - well maintained.

Competition: While demonstrating strong cash flow of $200k, and a clear ability to weather the tough economy, the business in years prior cash flowed over $300k. A large part of profits has been lottery play which was effected by the economy and smoking ban. The experts report play will return when customers adjust. We are selling at price adjusted for the downturn, but are of the opinion lottery play will return to higher levels.

Growth/Expansion: Expanding the offerings would have a positive effect on sales. Also new ownership or fresh eyes will create a welcome new positive A few of the employees have been around for over twenty years.

Financing: up to 50% based on strength of buyer

Support/Training: Two weeks, negotiable.

Reason Selling: 16 years is enough