Established Bar in Great Location

Lake Charles, LA
Asking Price:$85,000
Gross Revenue:$150,000
Established Year:2023
Cash Flow:$60,000
FF&E:$70,000
BUSINESS DESCRIPTION

Only Absinthe Bar and Cigar bar in town.

Ryan St Bar for Sale. Daiquiri Leaf/Prohibition 3409 Ryan St. This is a well built beautiful bar with a buildout cost of $200k. Total of over $70k in new equipment (everything including total buildout is less than 2 years old. Good size dance floor with all dj lights and equipment included. We have a cigar humidor that holds about 500 cigars, and the bar has been known for its Absinthe, whichh we are one of the only places in Louisiana that carry Absinthe, outside of New Orleans. There is a video poker room. You will need to get a company to supply the machines. This is a sale of the business, not real estate. You will negotiate a lease with the landlord. Leaase and utilities are very low. NOTE: I am only selling due to my gf's declining health. . Asking $100k, negotiable. Not looking to sublease. For sale only. All reasonable offers will be considered. Will consider trade for commerical rental real estate.


DETAILED INFORMATION
Location
Lake Charles, LA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,200
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The bar is equipped with 3 smoke eaters, one a large commercial smoke eater. Bathrooms have LED mirrors w/ hand dryers and auto soap dispensers. Full DJ equipment and lighting. 2 beer coolers w/sliding doors, 3 small coolers, 1 small icebox, ice machine, 4 daiquiri Machines w/2 dispensers each. 12x16 portable bldg for extra storage. Plenty of tables. Parking directly in front of bldg can fit 20 cars. Back parking is 80'x300'. Can fit nearly 100 cars. All equipment & buildout less than 2 years old.
Competition
Only about 5 bars offer smoking inside in the area. There is only one other bar that offers cigars, and is very small. Directly across the street are 3 other bars where people freely travel back and forth. Traffic count is 80,000 cars a day pass, making it the busiest area in town.
Growth & Expansion
There is only one other bar that offers cigars in the area. We do have a humidor that can fit around 500 cigars, but my gf had a massive stroke once we got them and have not been able to really promote that side properly. Also, if video poker was obtained that will generate several thousand dollars a month income.
Support & Training
2 weeks training and support
Reason for Selling
girlfriend's & family declining health

BUSINESS LOCATION
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daniel Jdeville
daniel J deville