No photo available
Broker presents an opportunity to purchase a semi-absentee bar in Northwest Louisiana that is priced at less than one times annual cash flow. High margin liquor sales and three gaming machines included make this business is ripe with opportunity. Three newly felted pool tables, an ATM that facilitates cash withdrawals and earns fees, electronic dart boards, and a modern jukebox that connects to patrons’ telephones also put cash in the owner’s pocket nightly. Remote controlled lighting and music which is broadcast through a modern speaker system throughout the bar sets the mood and keep the customers smiling and spending in what could be described as a comfortable laid-back atmosphere. Additionally, the bar hosts local bands twice a month which brings in significantly more customers and income. The cost of these bands is normally covered within the first couple of hours, but the bar stays packed with regulars and new-comers all night long. The success seen with hosting these local bands could certainly be expanded upon to additional weekends or more events by a new owner. Bar capacity is 120 patrons and has ample parking available in the front and rear of the business.
The current owner operates the bar semi-absentee with 2 full-time and 2 part-time employees. Payroll and fixed costs are kept at a minimum as most of the income produced by these employees is through tips which of course keeps them motivated and customer friendly. The business occupies approximately 1,900 square feet of leased space and the seller will facilitate a new lease or lease transfer for the new owner. The leased space is on a high traffic highway that has retail shops, restaurants, and an affluent neighborhood only minutes away.
Currently the bar is open 6 days a week and is well known in the area. An established bar business, recognizable name, existing customers, and everything you need to own and operate a successful business is included in the sale of this business. Concerning equipment there are many taps and a lighted 30 case keg cooler that keeps the beer ice cold for the frequent customers. Also included is an 800 lb ice machine eliminating the need to purchase ice from outside vendors. The seller is also willing to provide up to $20,000 in financing to the right buyer and will provide the necessary training for a smooth transition. If you are interested in an investment in the night life and the cash it can produce. Come visit this great bar, have some fun, meet the owner, make offer! Act Fast!! Bars priced this affordably don’t last long!
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.