Cocktail Lounge/Bar and Grill

Ada County, ID

Cocktail Lounge/Bar and Grill

Asking Price:$450,000

Cash Flow:$5,524

Gross Revenue:$408,714

EBITDA:N/A

FF&E:$118,000

Inventory:$10,000*

Real Estate:$300,000

Established:1960

*not included in asking price.

Cocktail Lounge/Bar and Grill

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Business Description

Real Estate valued at $300,000 included in purchase price! This is a true, lively neighborhood bar where folks can hang out and have fun while enjoying a cold beer or cocktail and good food. Bar has been in business over 50 years and enjoys a very loyal clientele. Plenty of entertainment inside and out with music and pool tables inside and BBQ facilities outside. Liquor license and Real Estate included in purchase price. Now completed major road improvement was a drag on prior years sales and discretionary earnings. Great upside in this popular bar!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
3 FT/5 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This listing includes Real Estate with almost a full acre inside city limits! It is a free standing building with a full kitchen and amazing outdoor area with endless possibilities and plenty of parking on-site. Located on high volume traffic street that just had major widening construction completed, showing the city's anticipated growth for the area. Located in one of Idaho's fastest growing cities.
Competition:
Located in an area that does not have many bars, plenty of houses in area with more going in. Most of competition is across town.
Growth & Expansion:
Buyer could come in and streamline processes to add to bottom line. Growth could be accomplished through advertising and promotions. Recent major road construction was a drag on discretionary earnings due to reduced access related sales decline and significant extra marketing expenditures. Construction is now complete and access is improved.
Financing:
Seller financing available to qualified Buyer.
Support & Training:
Will train for 2 weeks @ no cost. Full service bar with liquor license included in price. Full kitchen to accommodate any menu buyer may choose.
Reason for Selling:
Seller owns two bars and wants to simplify life by selling one.

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David Choate

Business Listed By:
David Choate

Murphy Business & Financial Corporation

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