I Love This Bar! Cold Beer, Good Friends & Great Times

Greenville, SC (Greenville County)

Seller Financing Available
I Love This Bar! Cold Beer, Good Friends & Great Times
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Asking Price: $140,000

Cash Flow: $60,000

Gross Revenue: $550,000

EBITDA: N/A

FF&E: $100,000

Inventory: $8,000*

Rent: $2,300 /Month

Established: 2010

*not included in asking price.

I Love This Bar! Cold Beer, Good Friends & Great Times

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Business Description

When folks are looking to cut loose for a night of good food, cold drinks and maybe a little dancing in the Great Upstate ... this is one of the top spots on the list. Located between the Greenville & Clemson markets, this is that laid back, let your hair down type of joint where you can just cozy up to the bar for a quick one after work or go on a late night venture with all your rowdy friends. Everyone feels at home here!

This establishment has been around for nearly a decade, but the current owner took it over in 2015 and has added the touches that have increased sales every year. Sales revenue in 2017 topped 550K & 2018 is trending higher again. But he has other business obligations that require more attention, so he has elected to let this one go with some very aggressive owner-financing.

Offered at $140,000 w/ only $75,000 down payment - balance payable over 3 years.

* Solid reputation for live music in the Upstate
* Perfect set-up for a hands-on operator
* Numerous sources of non-traditional cash flow
* Full kitchen, full bar & many other features
* Sales Revenue: $550,000
* Rent: $2,300/month all in
* Square Feet: 3,000+/-

Contact National Restaurant Properties of Greenville for a confidential review of this and many other restaurant/bar opportunities in the Upstate.

Detailed Information

Location:
Greenville, SC
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Cool multi-tenant facility w/ plenty of parking. Located on a busy connector corridor w/ tons of residential close by
Competition:
Not a lot of competition. Sales have increased every year since owner took over in 2015. Numerous cash flow sources - vending, door fees, cash bar sales
Financing:
$65,000 of Purchase Price over 3 Years @ 5%
Support & Training:
Yes - owner will train for 2 weeks after closing
Reason for Selling:
Other business interests
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(from currently available funds)
 
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Sherman Walters

Business Listed By:
Sherman Walters

National Restaurant Properties

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