Profitable & Well Located Westfair Lounge for sale

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Liquor Businesses for Sale

WESTFAIR LOUNGE, BAKERSFIELD, CA - 2536 Wible Road, Bakersfield, CA 93304 This business is selling for $455,000 plus inventory.  The owner has made many upgrades and additions to this lucrative bar in upwards of $200,000.  Interested parties will complete a non-disclosure and buyer profile.  Valuable 47 Liquor license goes with the business, there are 4 employees, and the Owner is an absentee owner, other than occasional visits.  This is a cash business with excellent cashflow!  Seller financing available.  Call now to set up an appointment! Carol office 661-323-2358 x223 or cell 661-369-1516. According to IBIS World it's a $25.1 bn industry and expected annual growth worldwide is 4.7% through 2026 because it reaches consumers, and their spending is expected to increase.  Although the 2020 pandemic showed a loss, this business has come back from that loss and is only showing more growth from month to month in 2022. Real Estate is also for Sale for $680,000 ($1.25/sq ft at 3,305 sq. ft., Cap Rate of 7.3) . Outside patio is a bonus too! 10 x 50 patio has been approved through 2026 by the city. Ample parking along the street, & across street.  The additional space has 5 parking spaces.  Tenant pays $1,500/mo. without fail.   You may drive by the building, at 2536 and 2530 Wible Road, Bakersfield, CA.  Please do not ask any questions of the employees.

Financial Information

  • $455,000 Asking Price
  • On request Cash Flow
  • On request Gross Revenue
  • On request Down Payment
  • Yes Financing

Business Location

  • City: Bakersfield
  • State: California

Support / Training Comments

  • Seller will negotiate a transition period

Financing Comments

  • Seller will consider some financing for a qualified buyer

Reason for Sale

  • Retirement

Detailed information

  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Part time Employees: 2
  • Real Estate Included: No
  • Monthly Rent: On request
  • Real Estate Available: Yes
  • Building Size: 3305
  • Fulltime Employees: 2
  • Real Estate Value: $680k

Real State Description

Available for lease or purchase

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Business Listed by Sunbelt of Bakersfield
Contact
John Willingham
Listing ID
BAKERCA001-47365
Office Phone (661) 323-2358
License Number
BRE 556588