Property ID : SPL25.529
For Sale $225,000.00 - Bar/Lounge, Pizza Shop
DESCRIPTION:
- A Popular East End Bar and Grill with an attached pizzeria and Deli
- Operating successfully for 18 years
- 3,454 square feet of bar and restaurant space
- Large outdoor patio
- Menu consist of pub food
- Deli / pizzeria open daily for lunch and dinner with a large takeout and delivery business
- Ample parking available with a large indoor parking garage close by
- Hours of business for Bar Tuesdays thru Sunday 3:00 pm to 2:00 am
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):
- Furniture, fixtures and equipment at a fair market installed value of $40,000
LEASE ARRANGEMENTS:
- Current lease is year to year, but a new lease can be negotiated
with terms. Current lease is $6,047 a month gross
SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):
| 2023 | 2022 | 2021 | |
| SALES | $913,436.18 | $1,164,725 | $1,097,102 |
RICE/FINANCING:
- Asking price is $225,000 with some owner financing is available
to a qualified buyer
COMMENTS: Great business opportunity to own a bar/pub, and a pizzeria/deli. The business is connected, but operated separately.
