Retail - Bars/Taverns | Retail - Restaurants

Asking Price	$135,000	Inventory
Gross Income	$320,000	Real Estate
Cash Flow	Not Disclosed	Year Established	2004
FF&E	N/A	Employees	5 pt

* included in the asking price

** not included in the asking price

LOCATION: Centrally located in a busy NE retail district with high foot and auto traffic. Prime corner location. OPERATION: Classic neighborhood bar setting, currently an evening-only establishment with a niche menu, inviting bar, a mezzanine pool room, comfortable seating, good sound system, sidewalk seating and windows that slide open to the outdoors in season. The space seats 80 comfortably, and could nicely accommodate a wide variety of concepts, probably the best of which is a casual American bar. The business has been in operation for less than three years and has shown steady revenues. Presently the facility has a Full-On-Premises OLCC license. Hours of operation are 5PM-close 7 days a week. The business owner oversees the operation but has it staffed so that the hired management can operate the business. There are 5 part-time employees.

Facilities: A real bar room atmosphere with modern industrial design, finished concrete floors throughout, different revenue areas, excellent lighting, attractive dining room, and a well-equipped kitchen, the facility was professionally designed and built in 2005. There is a sidewalk that allows for a festive outdoor gathering place. The business occupies a 2,637 sq ft. including the mezzanine. The lease rate is currently $3,956/mo. (NNN) and the term extends through 4/2010. There is an option to renew for an additional 5 year period.

Competition: On a great neighborhood street with many restaurants

Growth/Expansion: Very limited menu and customer base. Would make a great sports bar or casual American food bar/restaurant.

Financing: Seller will consider an installment sale with a healthy down payment

Support/Training: Seller is willing to help with the transition

Reason Selling: HIGHLY MOTIVATED - Moving to another industry