Sugar House Bar
Restaurants & Food Businesses for Sale
- Primary Category: Bars, Pubs & Taverns for Sale
Genuine unique opportunity to own two bars in the hottest spot in Salt Lake City, Sugar House wont last! Make your name or Brand famous. The 3000 square feet bar that has been open for years, has a separate adjoining space, different vibe, ready to open. It might be one of the most vibrant neighborhoods in town. Our Sugar House Bar is one of the best nightlife gems in all of Sugarhouse – and is moreover one of Salt Lake's all-around favorite watering holes.
Financial Information
- $2,000,000 Asking Price
- N/A Cash Flow
- N/A Gross Revenue
- $500,000 Down Payment
- Yes Financing
Business Location
- City: Salt Lake City
- State: Utah
Financing Comments
- Owner will finance $1,000,000 over 20 years at 7%
Reason for Sale
- Retirement
Detailed information
- Year Established: 2000
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 6
- Part-Time Employees: 6
- Contractors: N/A
- Owner Worked Hours/w: 20
- Adjusted EBITDA: N/A
- Inventory Included: Yes
- Inventory Value: N/A
- Monthly Rent: $10,000
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: N/A
- Building Size: 4000
- FF&E Included?: Yes
- FF&E Value: N/A
Training/Support
- Owner will train as needed.
Facilities
- 2 Full bars, 4 restrooms, pool tables, private sitting areas
Market Outlook/Competition
- Sugar House is considered by many to be one of Salt Lake’s most desirable and walkable neighborhoods in the entire Salt Lake Valley. The ‘heart’ of Sugar House is only 20 blocks to downtown Salt Lake City. Sugar House is experiencing a lot of new development, both residential and commercial, making the area even more dense and walkable. Sugar House is known for Westminster College.
Real Estate Description
- Stand alone 4000 square foot building with 2 separate bars.
Business Listed by
Dean Wiltse
Sunbelt of UtahContact Business Broker
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