Type 48 Cocktail Bar with Full kitchen

Asking Price: $ 260,000 cash or offer
Type of Business: Type 48 Cocktail Bar with Full kitchen
Location: Orange County
Hours of Operation: 10 AM – 2 AM
Gross Sales: $ 358,000 annual average over the last 8 years.
Adjusted Net Profit: $ show with offer.
Total Rent: $ 4800/ mo
NNN: $ 5300/ yr. property taxes
Length of Lease: New lease to the buyer
Options: available
Sq. Ft. 1250
Occupancy: 40
Number of Employees:
Full time:      Part-time: 6
Payroll: $ 8500
Insurance: $ 159 / mo. for WC. + liability
Gas: $ 35
Electric: $ 375
Water: $ 75
Phone: $ 195, phone, TV, internet
Trash: $ 250
Internet and TV: included above
Cost of goods: N/A
Business description.

Very established cocktail bar in high traffic area with good street visibility. Lots of regulars & good reviews for this dive bar. Sellers are older & have been here since 2002. Same name here since 1959, in fact this has only sold 1 time since its inception in 1959, this is the second time. Cluttered but world-class dive bar vibes & feeling here that takes me back to a simpler time. Kitchen with hood is not being utilized with room for more equipment. This place is cluttered, & could use a good clean & detail, but that’s part of its dive-bar charm. Knowledgeable & nice seller. Must see. Submit all offers.