Established Bar with Prime Real Estate

Imperial Beach, CA (San Diego County)

Established Bar with Prime Real Estate
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Asking Price: $320,000

Cash Flow: $120,311

Gross Revenue: $671,485

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Real Estate: N/A

Established: 1988

Established Bar with Prime Real Estate

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Business Description

Located on a very busy street, this bar and grill has been in operation for over 30 years with a devoted customer base. This bar includes an ABC type 47 License, fully equipped kitchen with excellent menu, and is a free standing structure with a large parking lot. Great investment for an owner operator who wants a cash flow business and potentially to own the real estate that will increase in value. Seller wants to retire. 5 yr lease $6,000/month + 5 year option. Option to purchase real estate itself at one million dollars.

Detailed Information

Location:
Imperial Beach, CA
Real Estate:
Owned
Building SF:
2,000
Employees:
10PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Location is 2,000 square feet. Seller is active in the business with 10PT employees. Hours of operation are 11am-12am Mon-Fri and 11am-1:30am Sat. An ABC 47 License is required. $100,000 in FF&E and $125,000 in Leasehold Improvements included in Asking Price.
Support & Training:
2 weeks
Reason for Selling:
Retirement
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(from currently available funds)
 
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Patrick Marsch

Business Listed By:
Patrick Marsch

First Choice Business Brokers San Diego

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Sponsoring Broker:
First Choice Business Brokers San Diego

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