Newly-Remodeled Bar in Desirable Location

Washington County, AR

Seller Financing Available
Newly-Remodeled Bar in Desirable Location

Asking Price:$225,000

Cash Flow:$37,108

Gross Revenue:$242,551

EBITDA:N/A

FF&E:$80,000

Inventory:$5,000

Established:2008

Newly-Remodeled Bar in Desirable Location

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Business Description

Profitable upscale bar with great potential!

Established in 2008, this upscale bar & lounge is unique among its competitive set. It was acquired in January 2015 and given a facelift by current owner. Adding an attractive selection of craft beers on tap to the business’s already impressive lineup of wines, this business now provides a relaxed and intimate atmosphere for customers to experience their favorite beer and wine varieties or experience new ones by the taste using state-of-the-art Enomatic self-serve wine dispensing machines. Revenue is also generated from bottled wine, cocktails, and a light snacks menu. Located near popular nightlife, the sky’s the limit on the potential for this business. 1700 square feet of interior space plus stylish outdoor patio.

Detailed Information

Inventory:
Included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
This business is the only bar of its kind in Northwest Arkansas, providing a mature, relaxed atmosphere and an upscale sampling of wines by the taste. Indirect competitors would include traditional bars in the area.
Growth & Expansion:
Opportunity exists to ramp up volume with aggressive marketing efforts and with social events, wine exploration classes, ties to Walton Arts Center, and other traditional forms of community marketing. Now that he has turned around the prior owner’s profit picture by streamlining operations, the owner expects topline volume to grow by 20% year over year.
Financing:
125000.00
Support & Training:
3 weeks
Reason for Selling:
semi-retirement

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Jared Thompson

Business Listed By:
Jared Thompson

Transworld Business Advisors

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Memberships & Certifications:
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