Est. 20yrs+ high volume cocktail bar

Santa Clara County, CA

Est. 20yrs+ high volume cocktail bar
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Asking Price: Get Financing: $750,000

Cash Flow: $220,000

Gross Revenue: $748,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $12,740.20 /SF/Month

Established: 1996

Est. 20yrs+ high volume cocktail bar

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Business Description

Turn-key business with a great reputation and loyal clientele. 22 years in business. Very profitable with an increase sales for the last 5 years. Average of 7-10% increase every year for the past 5 years. Good lease with a fantastic location in a safe neighborhood. Bar has been remolded last year with over $100,000 in improvements. Entertainment license and ABC license grandfathered in for 2 am.

6 beers on tap with room for more. Ample parking in front with good lighting at night. Backdoor entrance for employees or deliveries. Back office with big storage area.

Owner is relocating out of area.

Detailed Information

Real Estate:
Leased
Building SF:
3,900
Lease Expiration:
2/11/2027
Employees:
7
Facilities:
Open layout, big bar. Recent remodel of over $100,000 in improvements.
Competition:
No nearby competition
Growth & Expansion:
Supper busy in football season. This has been a local hot spot for many years and business is still increasing.
Support & Training:
Included in sale
Reason for Selling:
Owner is moving out of the area
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(from currently available funds)
 
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Business Listed By:
Business Broker

California Business Ventures

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