$2,500,000
Night Club and Bar
- Status: Expired
- Price: $750,000
Matt Sadati
- License No:
- DRE #00704888
- Email:
- matt@lbaweb.com
- Office:
- 925-932-2450 x101
- Mobile:
- 925-932-2450
Description
$350,000 Net Profit
Bar & Night Club
This is one of the HotestĀ Bar in the Bay Area.
Owner claims, prior to Covid it was doing over $2,400,000 Sale per year with over $800,000 Net Profit! Owner claims, now the place is doing about $1,200,000 Gross sale with over $350,000 Net Profit.
Owner operator can reduce overhead and increase the Net profit. The place open on Tuesday through Sunday from 6-pm-2-am only. The new owner can open up for Banquet and other special parties. The place is over 3,000sqft. Rent is only $8,303 per month. Fully equipped small kitchen. Lease is 5 years with 1 x 5 years option.
Asking price is $750,000
Buyer needs to show $500,000 Cash.
Business Information
Ownership Type:
Corporation
Year Established:
Year Purchased:
Business Type:
Bar & Night Club
License(s) Required:
Business, Health, ABC
Hours of Operation:
6.00pm-2.00am
Business Relocatable:
No
Business Is A Franchise:
No
Home Based:
No
Broker To Broker CoOp:
No
Office Listing Number:
4209
Date Available:
12/20/2022
Reason For Sale:
Other Interest
Financial Information
- Annual Total:
- 1,200,000
- Revenue:
- Annual Net Income:
- 350,000
- Inventory:
- Monthly Payroll:
- 30,000
Lease Information
- Base Rent:
- 8,303
- Lease Expires:
- 2027
- Lease Option:
- 1 x 5 years option
- NNN:
Financing Information
- Down Payment:
- Owner Will Carry:
- Other Finance:
- Terms:
Contact Us
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