Every one is looking for some safe harbor investment; one that is recession proof and safe. If this is you, you ought to look at buying a bar. Not a club! But a good old fashion neighborhood bar.
These bars have faired very well during this recession with sales slightly down. It appears folks drink when they're depressed and they celebrate when they're happy. So buying a bar is a reasonably safe investment.
But with any business, if the bar is running well don't change it. But if the bar is not run well, by all means go for it.
Just make sure you're paying a reasonable price for the bar. Unfortunately most bars don't report all their income; hence they rarely have good profit and loss statements.
These bar are relatively easy to operate because they have one product to sell and the spoilage rate is virtually zero. Don't get into the food factor on these bars. Just throw out those peanuts with salt so the people will drink.
But SellingRestaurants has several profitable bar for sale. Take a look.
Mel Jones is one of the premier restaurant brokers in the nation having published hundreds of articles on buying and selling a restaurant and bar business, selling thousands of restaurants in CA., WA and AZ and building one of the most copied business models in the brokerage industry. Mel started SellingRestaurants in 2004 with the one simple concept, give the buyers the information they need to make intelligent buying decisions without being pestered by a broker or hiding information, prepare the business for market by researching key details that make or break deals and educate the buyer on the buying process to create an intelligent buyer. Prior to SellingRestaurants, Mel was a Chief Financial Officer for Universal Music Group, the largest music company in the world. There he participated in more than $11.5 billion of merger and acquisition transactions. He also work for top companies such as Nestle Foods, USA. He hold a Bachelors in Business Administration Finance as well as attened Law School at Gonzaga University. Give Mel a call at 480.274.7000 or e-mail him at [email protected] if you have any questions.