Historic Neighborhood Bar on a Main Street in a North Peninsula City

San Mateo County, CA

Historic Neighborhood Bar on a Main Street in a North Peninsula City
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Asking Price: $220,000

Cash Flow: $70,695

Gross Revenue: $236,685

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Historic Neighborhood Bar on a Main Street in a North Peninsula City

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Business Description

Historic Neighborhood Bar on a Main Street in a North Peninsula City; $70,000 Net Profit

RRC#: 3479
Asking Price: Offered At $220,000
Location: San Mateo County
Annual Revenue: $236,685
Annual Cash Flow: $70,695
Monthly Rent: Negotiable

Listing Description:
The bar for sale has been in business for 78 years. It is loved by locals, and has been written up in online lists of neighborhood bars and dive bars. It is located on a main street in a city in the North Peninsula, and is well known for its wall of San Francisco sports memorabilia. It has a type 48 ABC liquor license. There is an outdoor area in the back that is not currently used as a patio for outdoor seating, but could be. There is also a kitchen area that is currently being used to prepare light bar snack fare; a new owner could expand on the food menu. The current owner of the bar also owns the building, and will be willing to negotiate a long term lease as part of the deal.

General Information:
Organization: Sole Proprietorship
Established: 1941
Current Owner: Contact For Info
Employees: 2
Reason For Sale: Retirement

Financial Information:
Monthly Revenue: $19,723
Monthly Cash Flow: $5,891
Annual Revenue: $236,685
Annual Cash Flow: $70,695
Payroll: Contact For Info
Monthly Revenue: $19,723
Monthly Cash Flow: $5,891

Detailed Information

Location:
San Mateo County, CA
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Contact the Seller

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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