Newly Renovated Bar Steal
- Listing Id: 7571
- Broker Name: Jim Bunting
- Category: Restaurants
- Asking Price: $60,000.00
- EBITDA: $40,000.00
- Real Estate: N/A
- Cash Flow: $203,000.00
- Inventory: $2,000.00
- No. Of Full-Time Employees: 2
- No. Of Part-Time Employees: N/A
- Gross Income: $167,937.00
- FF&E: $20,000.00
- Year Built: 2000
- Address: Click Here
- Zip Code: Click Here
- City: Little River
- State: SC
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- No. Of Stories: N/A
- No. Of Indoor Seating: N/A
- Inside Sq. Ft: N/A
- Available: Yes
Description
This bar was taken over by a woman who has been in the bar business most of her life and has a good local following. After sitting idle for over a year due to mismanagement, she has spent over $100,000 in renovations. The location is in a tourist destination area. Sales are steadily climbing as more people find out about the excellent food and service. There is room for sales growth if new owner chooses to open longer hours. Presently open for dinner only. There is definitely a need for late night in this area. Also there are 2 huge outdoor festivals in the area each year. Last year she made over $20,000 in profit from each. This is one of the few places with its own parking lot. The bar has good provable numbers. This is the perfect place for a couple to run themselves with very low overhead. If you are looking for a nice “Cheers” bar that attracts locals and tourists alike, this is it! Priced to sell.
Financial Summary
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Features
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Hours Open
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Neighboring Businesses
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