Very Profitable Bar in
Mobile, Alabama
Mobile, Alabama
Financials
Asking: $135,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $32,000
Inventory: $3000
Net Cash Flow to Owner: $62,512 (From 2010 Tax Return)
Summary Description
This bar has been in operation for an amazing 52 years. The location is in a
desirable area with high traffic count and rent of only $1,292 per month.
In a mostly cash business, the 2010 tax return shows a solid cash
flow to owner of $62,512.
The bar has a loyal following and has the additional advantage of
being in an area where some refreshed marketing and promotion would
significantly increase the customer base.
The owner does not actively work in the bar, so a new owner
operator could work as bartender and earn thousands more per year in tips.
Although the bar does not currently serve food, there is a fully
equipped kitchen on premises with a 6-burner commercial stove, double oven,
double refrigerator, stainless steel work tables and lots of small wares. Total
size is approximately 1,700 square feet with a seating capacity of 70.
Lease can be extended for as long as desired.
This is a turnkey opportunity to own a well established, fully
equipped bar with positive cash flow from your very first day of ownership. The
seller is fully committed to a seamless transition and will thoroughly train a
new owner in all aspects of the operation.
For further information on this opportunity, please email Sunbelt
Business Brokers from this website by clicking on the “Write” button
below. We look forward to hearing from
you.
General Information
Employees: 3 PT
Contact Information
William Bruce, ABI
Sunbelt Business Brokers
Phone: 251.990.5910
Write: