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#4008
San Bernardino Restaurant For Sale

Profitable Neighborhood Bar For Sale

$249,000
Sold
Profitable Neighborhood Bar For Sale
This Listing is Sold

Veteran Bar owners have long known that neighborhood bars are the most steady type of income. Regular's and local clientele frequent the drinking establishments they know and feel comfortable in. This is one of the best business models for a hands on or absentee owner. As the patrons unwind and socialize, the cash rolls in. 

Started over 50 years ago this bar has all the characteristics of a sucessful neighborhood hang out. Pool tables, Beer Pong, an Entertainment Stage and an Outside Smoking Lounge. Full kitchen in place but absentee owner doesn't want to be bothered with food. This is a tremendous upside for a new owner!

Type 48 Liquor License in place which means food sales are not mandatory like with traditional 47 licenses. Close to a major university and this place attracts the college crowds. You can expand on this which will be a huge upside in sales.

Owner owns propertyy and is looking for a buyer with the ability to Lease Option the property and to purchase the business outright. Low rent of $4,000 will make for an easy transition for either an operator or investor.

This is a great little money maker and experienced bar owners will recognize opportunity when they see it. Current owner has relocated out of area, but has several security features in place including internet cameras.

This is a California Restaurant Brokers, Inc. Listing

This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280

Lease

Region:
San Bernardino Restaurant For Sale
Lease Term:
Lease Option-Call Broker
Total Monthly Rent:
$4,000
Security Deposit:
$8,000

Financials

Last Year's Annual Gross:
$385,740
Last Year's Owner's Cash Flow:
$139,479
Last Year's Food Cost %:
23
Last Year's Payroll Cost %:
18
EBITDA:
139,479

Operations

Liquor License:
48
# of Part-Time Employees:
5
# of Family Employees:
1
Hours Open:
M-F 10 AM to 2 AM
SA-SU 11 AM-2AM
Year Established:
1960
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Outdoor Seating:
18
# of Parking Spots:
40
Inside Sq. Ft.:
3200
Outside Sq. Ft.:
600

Highlights

  • Neighborhood Bar Has Local Following
  • 50 Year Old Bar with Local Traffic
  • Great Local Bar For Sale
  • Local Bar Makes Money
  • Buy This Neighborhood Bar
  • Type 48 License @ Neighborhood Bar
  • For Sale Local Bar W Full Kitchen
  • Lease Option Property Local Bar For Sale
  • Profitable Local Bar For Sale
  • Price Reduced On Neighborhood Bar

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 30,791 120,981 193,970
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 8,516 33,004 51,190
2010 Persons Per Household 3.37 3.44 3.56
Median House Value $129,200 $137,934 $134,080
Income Per Household $37,936 $35,779 $38,238
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 254 1,119 1,733
2012 Number Of Employees 5,070 34,420 52,554
2012 Total Annual Payroll $78,092,000 $655,014,000 $992,041,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Business Intermediaries, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.


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