100% Absentee Operated Bar / 4COP
Asking Price: | $499,000 |
Gross Revenue: | $366,643 |
EBITDA: | $61,326 |
Established Year: | 2014 |
Cash Flow: | $61,326 |
Inventory: | $12,000 |
FF&E: | $25,000 |
100% ABSENTEE OPERATED BAR/4COP. All buyers must provide proof of funds and background info along with a signed NDA. This is a golden opportunity for someone looking to get into the very profitable "BAR" business. Established in 2020 during the pandemic and despite all those obstacles has developed a loyal clientele. With many amusements to keep patrons busy while they’re drinking: pool table, Juke Box, Darts, and other arcade games. Limited food to keep it simple. The most coveted liquor license, the 4COP quota license, allowing full liquor & package sales and smoking inside. The establishment was formerly another bar, and this entrepreneur gutted it and started from scratch; a lot of money was spent on build out. Many growth opportunities for a new owner: add a daily social media platform, website, Live Entertainment, additional food options, etc. It's a BAR, so the numbers are the numbers, see them as you will. The big thing here is this is 100% turnkey, and with an owner operator in place, the numbers will change quickly. Call today, this one will not last long. 100% CASH deal only. Manager works 6-8 hours a week, just to pick up money deposits. Owner orders the liquor.
2023 financials do not show the depreciation & interest expense.
The 4-COP Quota Liquor License valued at approximately $450,000 is fully transferable to anywhere within the county.
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