Cash Producing Bar With Three Gaming Machines Priced To Sell

Financial Information

  • Asking Price: $70,000
  • Gross Revenue: $155,930
  • Cash Flow: $87,310
  • Down Payment: 0
  • FF&E (Included): $15,000
  • Inventory: $2,000
  • Financing: No

Business Location

  • Northwest
  • Louisiana
Primary Business Category: Bars and Taverns

Sunbelt Business Brokers of Alexandria presents an opportunity to purchase a semi-absentee bar in Northwest Louisiana that is priced at less than one times annual cash flow. High margin liquor sales and three gaming machines included make this business is ripe with opportunity. Three newly felted pool tables, an ATM that facilitates cash withdrawals and earns fees, electronic dart boards, and a modern jukebox that connects to patrons' telephones also put cash in the owner's pocket nightly. Remote controlled lighting and music which is broadcast through a modern speaker system throughout the bar sets the mood and keep the customers smiling and spending in what could be described as a comfortable laid-back atmosphere. Additionally, the bar hosts local bands twice a month which brings in significantly more customers and income. The cost of these bands is normally covered within the first couple of hours, but the bar stays packed with regulars and new-comers all night long. The success seen with hosting these local bands could certainly be expanded upon to additional weekends or more events by a new owner. Bar capacity is 120 patrons and has ample parking available in the front and rear of the business. The current owner operates the bar semi-absentee with 2 full-time and 2 part-time employees. Payroll and fixed costs are kept at a minimum as most of the income produced by these employees is through tips which of course keeps them motivated and customer friendly. The business occupies approximately 1,900 square feet of leased space and the seller will facilitate a new lease or lease transfer for the new owner. The leased space is on a high traffic highway that has retail shops, restaurants, and an affluent neighborhood only minutes away. Currently the bar is open 6 days a week and is well known in the area. An established bar business, recognizable name, existing customers, and everything you need to own and operate a successful business is included in the sale of this business. Concerning equipment there are many taps and a lighted 30 case keg cooler that keeps the beer ice cold for the frequent customers. Also included is an 800 lb ice machine eliminating the need to purchase ice from outside vendors. The seller is also willing to provide up to $20,000 in financing to the right buyer and will provide the necessary training for a smooth transition. If you are interested in an investment in the night life and the cash it can produce. Come visit this great bar, have some fun, meet the owner, make offer! Act Fast!! Bars priced this affordably don't last long!


Support / Training Comments

Available


Reason For Sale
Other business interests
  • Home Based: No
  • Year Established: 2007
  • Franchise: No
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: 6 Days
  • Fulltime Employees: 2
  • Part time Employees: 2
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 1901 sq ft
  • Seats: 120
  • Monthly Rent: $1,000

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Business Listed by

Sunbelt Baton Rouge

Contact: David Moreau
Office Phone: 225-201-0202
Mobile Phone: 337-375-3572
Listing ID: BATONLA001-N3117

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.