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

$Seller Financing Available

Asking Price	$525,000	Inventory	$14,000*
Gross Income	$1,200,000	Real Estate
Cash Flow	$180,000	Year Established	2007
FF&E	$300,000*	Employees	15

* included in the asking price

** not included in the asking price

Great business for sale

A vibrant, growing waterfront casual bar and restaurant. The outdoor patio is the perfect place to relax and unwind and enjoy the best sunsets! Great food, friendly staff and outstanding service in a relaxing environment offering entertainment every weekend. Indoor and outdoor seating is provided to suit every customer s preferences. The family atmosphere becomes more party-like as the evening progresses. The asking price for the assets of the business including inventory at cost of $14,000 and all FFE (Furniture, Fixtures & Equipment) valued at $300,000 is $525,000 ALL-CASH or $750,000 with $250k down payment and financing to qualified buyer . The purchaser will need to assume dishwasher lease ~$150/mo incl maint/supplies. The seller prefers ALL-CASH.

Attachments: Download additional information (PDF)

Facilities: The facility seats 140 indoors and 160 outdoors. The ~3600 SF high visibility space is leased for a monthly rent of $12,000 + 2544 NNN + 6% of any annual sales in excess of $2.4 Million. Security deposit is $14,544. The lease expires approximately September 31 2012 with 5 year market renewal option.

Growth/Expansion: This is a strong, proven location with excellent potential. A new owner can continue to grow the business and profits in several ways: Continue improving menu Add billboard on major highways Direct mail surrounding neighborhoods using mail list Local advertising and marketing Target market boating community

Seller Financing Available: Yes

Financing: $750k Price: $250k dn + $500k financ or $525k ALL CASH

Support/Training: The seller wishes to ensure a seamless transition with a purchaser. He will train a buyer for 2 weeks included in the purchase price. The seller is willing to remain for a longer period of time, if desired by a purchaser, at mutually agreed compensation.

Reason Selling: Relocation out of state