Established Bar In The Heart of Downtown Flagstaff
| Asking Price: | $550,000 |
Turn Key Bar with Series 6 Coconino Included
We are looking to retire! So we are offering a few options:
1) Cash, $550k
2) Combo Cash and Financing, We will Carry...the deal must make sense! In other words, 50k isn't going to cut it.
3) A sweat equity partner and purchase option. (This would be perfect for an aspiring chef. We have the facility, and could use your skill...take over the kitchen and work your way into full ownership)
As stated, we are looking to retire. We don't believe in the long run this bar will run (efficiently, correctly, and profitably) without owner participation. We are willing to stay involved with option 3 until it's appropriate.
We are treating this as an asset sale. Everything is included, except inventory. That will be reconciled at time of sale. Repeating this is an asset sale; You could not rent a bare bones, 4 grey walls, place, and do/have, what this has to offer for under 7 figures. In fact 7 figures has been spent to get it to what it is. This is a deal! Series 6 License alone is worth $160k.
For those of you who want significant amount of P&Ls, trying to figure out can you just add this to your portfolio and sit on the beach...you probably can't, otherwise we'd be doing it. That said, if you want those, price goes up to a multiple of EBITA.
We have many years of a very good lease remaining. It's well below market, with a great landlord. You will have to qualify, or we would consider being the guarantor for the right deal.
All licenses/permits are in place. Staff is in place. You can be open Day 1 and recovering your investment. It doesn't get better or easier than this.
We WILL sell the assets of the facility without the liquor license, price adjusted, but we will not sell the liquor license without the assets.
Tire kickers...we don't have time for you. If you're serious, contact us and make and appointment to come see it.
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