Retail - Bars/Taverns | Retail - Restaurants

$Seller Financing Available

Asking Price	$499,999	Inventory	$10,000*
Gross Income	Not Disclosed	Real Estate	$649,900**
Cash Flow	$80,001	Year Established	2001
FF&E	$100,000*	Employees	7

* included in the asking price

** not included in the asking price

Rare Opportunity - Price Reduced for Market Conditions

CONFIDENTIAL BAR OVERVIEW Opportunity to own well known multiple award winning established (9 years) martini lounge with food, entertainment and dancing. This business was started in 2001 and enjoys a great reputation. This venue is known for its' huge martini selection, great gourmet appetizers and quality local and national live bands. A high dollar complete buildout was performed in 2000 on this stand alone 2 story with basement building. Buildout features African Mahogany, marble, granite, tile and much more. Business has a class "c" (one of 8 in the city), carry out beer and wine, sunday sales, entertainment, outdoor and dance permit (only one in entire area). Also has club keno. Open 6 days a week with limited hours and limited menu allows for much room to grow by motivated new owners. This business has been a labor of love and has returned a profit and goodtimes, but the health and family requirments of the owner forces sale. DO NOT APPROACH EMPLOYEES...Qualified buyers contact for more info...proof of funds required for showing.

Attachments: Download additional information (DOC)

Facilities: Under market value lease of $3200 nnn, for next 4 years, right of first refusal to buy. Building is stand alone with about 2600 sq foot all upgraded in 2000 (elec, mechanicals, plumbing, roof and buildout). Building structure is 1955. Building has basement, main floor and overlooking 2nd floor loft. Building is available in seperate transaction for $649,000.

Growth/Expansion: This is a rare license with a "one off" dance permit in the area. Business has held its own during the economic downturn and is poised for increases with new ideas, concept, longer hours, expanded menu and more. About the Sale

Seller Financing Available: Yes

Financing: With half down, secured by real estate and approved guarantor, l/c $550k price

Support/Training: Owner will stay on for 30 days to help with transition. No managment contract available. Ownership and control transfers at liquor license transfer only. If a cash sale, limited management contract avail with large non refundable deposit.

Reason Selling: Health and family requirements of the owner forces sale.