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

Asking Price	$250,000	Inventory	$3500**
Gross Income	$520,000	Real Estate
Cash Flow	$100,000	Year Established	1988
FF&E	$150,000*	Employees	12

* included in the asking price

** not included in the asking price

This bar has been in this shopping center for over 20 years. The current configuration was established in the year 2002. The current owner took it over in November of 2007. They have a D-5, D-6 license. Monday thru Friday they are open from 3:00 PM to 2:30 AM, Saturday & Sunday 12:00 PM to 2:30 AM. They have 6 Full Time Employees and 6 Part Time Employees. The weekly payroll average is $2,100.00. Their weekly gross sales are $10,000.00 to $11,000.00. They occupy 4,500 sq. ft. and the occupancy permit has 160. The rent is $4,950 per month. CAM is $540.00, Real Estate Taxes are $629.00 and water is $235.02 totaling $6,354.00 per month. The lease is good thru July of 2012. They have two five year options. The first five year option is $5,200.00 per month for the base rent and the second five year option is $5,416.67 for the base rent.