Popular Bar w Full Service Menu 4COP Liquor License Included

General Business Information

Listing ID:

4110-00399

Listing Type:

Exclusive Right of Sale

Price:

$475,000

Down Payment:

$272,000

Category:

Liquor Related Biz

Subcategory:

Bar/Restaurant

County:

Semoinole

State/Prov:

Florida

Country:

United States

Sales:

$931,244

SDE:

$68,137

Description of Business

Located in Seminole County is a popular bar with a full service menu, where locals come to enjoy live bands, pool tournaments, poker night and other
events that keep this lively crowd entertained and coming back for more. The venue has covered patio seating multiple televisions, dart boards, pool
tables and a full liquor bar.
The liquor license, valued at approximately $285k and included in the offering price, comes with possible seller financing.

Listing Details

Location:

Strip Plaza with ample parking.

Organization Type:

'LLC'

Hours of Operation:

Monday - Sunday 11a - 2a

Years Established:

14

Years Owned:

14

Employees FT:

2

Employees PT:

7

Is Relocatable:

No

Is Home Based:

No

Is a Franchise:

No

Is Lender Pre Qualified:

No

May Qualify for a Visa:

Yes

Financial Information
INCOME PERIOD, Year
GROSS SALES

– Costs of Goods Sold

= Gross Profit

– Total Expenses

= Net Before Taxes
ADD BACKS

+ Owner(s) Salary

+ Benefits

+ Interest Expense

+ Depreciation

+ Other $0
TOTAL OWNER BENEFIT
2023
$931,244

$472,253

$458,991

$390,854

$68,137
$0

$0

$0

$0

$0
$68,137
2022
$886,816

$358,329

$528,487

$496,292

$32,195
$0

$0

$87,281

$0

$0
$119,476
2021
$883,847

$413,059

$470,788

$387,382

$83,406
$0

$0

$23,281

$0

$0
$106,687
Assets Included in Sale

Other:

$0

Liquor License:

$285,000 Included

FF+E:

$75,000 Included

Inventory:

$35,000 Included

Total Assets Included:

$395,000

Lease Information

Monthly Rent:

$10,500

Square Footage:

6400

Terms and Options:

Month to Month lease | Landlord will negotiate a new lease with new terms for the new owner of the business.

Building Type:

Plaza

Summary

Reason for Sale:

Discuss with the seller.

Non Compete:

10 miles for 5 years

Owner Qualifications:

Restaurant management experience recommended.

Financing Summary:

Possible seller financing for the value of the liquor license at an interest rate of 11% with a 20 year amortization.

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Greg DeSalvo

Greg DeSalvo
General Business Information

Listing ID: 4110-00399

Listing Type: Exclusive Right of Sale

Price: $475,000

Down Payment: $272,000

Category: Liquor Related Biz

Subcategory: Bar/Restaurant

County: Semoinole

State/Prov: Florida

Country: United States

Sales: $931,244

SDE: $68,137

Description of Business

Located in Seminole County is a popular bar with a full service menu, where locals come to enjoy live bands, pool tournaments, poker night and other
events that keep this lively crowd entertained and coming back for more. The venue has covered patio seating multiple televisions, dart boards, pool
tables and a full liquor bar.
The liquor license, valued at approximately $285k and included in the offering price, comes with possible seller financing.

Listing Details

Location: Strip Plaza with ample parking.

Organization Type: 'LLC'

Hours of Operation: Monday - Sunday 11a - 2a

Years Established: 14

Years Owned: 14

Employees FT: 2

Employees PT: 7

Is Relocatable: No

Is Home Based: No

Is a Franchise: No

Is Lender Pre Qualified: No

May Qualify for a Visa: Yes

Financial Information
INCOME PERIOD, Year: 2023


GROSS SALES: $931,244

– Costs of Goods Sold: $472,253

= Gross Profit: $458,991

– Total Expenses: $390,854

= Net Before Taxes: $68,137



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $0

+ Depreciation: $0

+ Other $0: $0



TOTAL OWNER BENEFIT: $68,137

INCOME PERIOD, Year: 2022


GROSS SALES: $886,816

– Costs of Goods Sold: $358,329

= Gross Profit: $528,487

– Total Expenses: $496,292

= Net Before Taxes: $32,195



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $87,281

+ Depreciation: $0

+ Other $0: $0



TOTAL OWNER BENEFIT: $119,476

INCOME PERIOD, Year: 2021


GROSS SALES: $883,847

– Costs of Goods Sold: $413,059

= Gross Profit: $470,788

– Total Expenses: $387,382

= Net Before Taxes: $83,406



ADD BACKS

+ Owner(s) Salary: $0

+ Benefits: $0

+ Interest Expense: $23,281

+ Depreciation: $0

+ Other $0: $0



TOTAL OWNER BENEFIT: $106,687

Assets Included in Sale

Inventory: $35,000 Included

FF+E: $75,000 Included

Liquor License: $285,000 Included

Other: $0

Total Assets Included: $395,000

Lease Information

Monthly Rent: $10,500

Square Footage: 6400

Terms and Options:

Month to Month lease | Landlord will negotiate a new lease with new terms for the new owner of the business.

Building Type: Plaza

Summary

Reason for Sale:

Discuss with the seller.

Non Compete: 10 miles for 5 years

Owner Qualifications:

Restaurant management experience recommended.

Financing Summary: Possible seller financing for the value of the liquor license at an interest rate of 11% with a 20 year amortization.