Property ID : SPL25.221
For Sale $100,000.00 - Bar/Lounge, Restaurant
- The Thirsty Frog is an established popular east-side pub/grill located off a very busy main highway. with approximately 40,000-50,000 cars passing by daily.
- 2650 sq ft of attractive bar/lounge space
- Loyal clientele.
- Large volume of lotto sales averaging $2,000 a month in commission
- Open daily from 3 pm to 2 am daily.
- The menu offers a large variety of pub food with a separate late night menu
- Plenty of ample parking located in a strip mall setting
- Small outdoor patio
ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)
- Furniture /fixtures valued at $35,000
- Inventory 2,500
Rent is $2,286 a month triple net, estimated taxes are $300 a month
A new 5 year lease can be obtained with a 5-10 year option
A personal guarantee is needed for first term of lease
- Reported sales for 2016 were $328,781
- Average weekly sales estimated to be $6,000-$8,000 a week
- Lotto commission nets about $24,000 a year
- Vending commission is about $600 a month
- The asking price is $100,000.
- Seller will hold a note to a qualified buyer with $60,000 down