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Lounge/Bar, transfer license, turn key to Success

south of Dover, Delaware (Kent County)

Retail - Bars/Taverns | Retail - Other Eating & Drinking Places

Asking Price $75,000 Inventory tbd** 
Gross Income $195,000 Real Estate  
Cash Flow Not Disclosed Year Established 2006
FF&E N/A Employees 6 pt

* included in the asking price

** not included in the asking price

A great spot in a shopping center with excellent access to the facility, easy to manage and operate for a new owner, up to date on requirements to operate a bar in the State, nightly entertainment, densely populated area of 21 and over patrons. The business includes everything but inventory (inventory cost dollar for dollar at settlement).

Facilities: 4,000 sf+/-, lots of parking, located in a shopping center, 3rd year of operation, excellent lease through 9/2011, with two 5-yr options, pays share of per rata of common areas, furnishings and equipment included in sale price.

Competition: This licensed bar has a distance prohibition by State law; therefore, competition for another bar in close proximity is illegal. License is transferable with proper approval.

Growth/Expansion: This business has strong growth potential in the community. The proper owner/operator can continue to enhance with entertainment, tournament, sporting events.

Financing: Seller will negotiate note depending on down payment.

Support/Training: Seller will provide ample training.

Reason Selling: Seller is retiring.

Business For Sale By

Joe Latina or Mary Ann Heesters

302-622-3512 or 3509

Patterson Woods Commercial Properties

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