Profitable Bar - Type 48 License - SBA Financing
Asking Price: | $969,000 |
Gross Revenue: | $1,040,500 |
Rent: | $10,456/Month |
Cash Flow: | $409,196 |
Inventory: | $15,000 |
Established Year: | 1972 |
This very popular Santa Cruz County bar has been established for over fifty years and has
developed a loyal clientele both from its neighborhood and surrounding communities. It has no
food service, but patrons can order food from nearby restaurants. It has several wall-mounted
TV’s showing sporting events, an internet jukebox and a pool table. There is no live music or
karaoke. The owner runs the business with eleven part-time bartenders. The bar has a seating
capacity of 65 and there are twelve years left on the current lease, but the landlord will give a
longer lease to a qualified buyer. The business has been pre-approved for up to 85% SBA financing.
Closed Bar & Grill with a type 47 ABC License
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