Founded in 1984, ABI is one of the oldest and most highly regarded firms in California specializing in the Valuation, Sale, Merger and Acquisition of privately-held companies. ABI professionals work confidentially with each client and their advisors, to develop custom solutions designed to achieve their objectives and maximize business value. Using a time-tested system, our firm has successfully managed hundreds of transactions for small to mid-market companies across a wide-range of industries. Headquartered in the San Francisco Bay Area, ABI is licensed in the State of California, with six M&A affiliates throughout the USA. The firm maintains national and global strategic alliances providing broad access to active investors and acquirers.
48 licensed bars are very popular and in demand more than ever. This very well operated Bar has been in business since 1958 and a cocktail bar since 1983. The owner has only been working about 15 hours per week and is selling due to retiring. The staff is very good and has been with the bar for many years. This is a real turn-key opportunity for an existing bar owner or even first time buyer. The lease is good for 4 more years with a 5 year option and rent is only $3,366 per month. The seller has also maintained good book keeping and a new buyer will be able to take advantage of goodwill that the seller has created. Do not miss out on this well-known local favorite in Stanton. The sales increased by about 10% in 2013 and the business are off to a strong start in 2014. The cash flow is based on a full time owner operator since the current payroll is high due to the current owner spending limited time at the business. Update: Sales in 2014 from Jan-March increased by 20% from 2013 and the net has increased by 25% over the same period.
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