| Asking Price |
$140,000 | Inventory |
$4,000** |
|---|---|---|---|
| Gross Income |
$228,000 | Real Estate |
|
| Cash Flow |
Not Disclosed | Year Established | 1983 |
| FF&E |
$50,000* | Employees | 5 |
* included in the asking price
** not included in the asking price
Owner Financing ; Corner neighborhood bar with upstairs apartment ; business sale ; double wide building with 1 full basement for storage & 1 full basement vacant ; bar could have a working kitchen with the addition of a grease interceptor----already has a hood and an up to date ansil system , dual stainless steel sink & a 6 burner gas stove ; bar currently serves ' finger ' food using a microwave ; bar memorabilia included ; bar equipment 4 years old(+ -); recent ice machine ; recent 50" T.V. ; 19" & 20" T.V.'s in the pool room ; furnace 2 years old(+ -) ; central air conditioning system 1 year old(+ -) ; 2nd level apartment ideal for an owner - operator residence or a rental at $800 to $1200 per month and has 3 bedrooms , 1 bath , a living room , a dining room , a kitchen , an outside deck and an outside entrance ; bar is 1 sided with 12(+ -) stools ; 5 poker amusement machines and 1 pool table ; 2 pool leagues ; real estate taxes $2500(+ -) per year ; 2500 sq. ft.(+ -).
Facilities: 2500 sq. ft. with upstairs apartment ; street parking ; corner building ; current 5 year lease began 09/01/06 and is $2000 per month 'Triple Net' with 4% annual escalations. There is another 5 year option.
Competition: Business is in the 21224 zip code area of Baltimore City & is a nice corner location.
Growth/Expansion: The opening up of the kitchen(food service) would be a plus. A hands on owner - operator who is there most of the time would be highly effective in adding to the gross sales.
Financing: Owner Financing
Support/Training: Negotiable
Reason Selling: ill spouse + owner has been in bar business 25 years

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