WESTFAIR LOUNGE, BAKERSFIELD, CA - 2536 Wible Road, Bakersfield, CA 93304
This business is selling for $455,000 plus inventory. The owner has made many upgrades and additions to this lucrative bar in upwards of $200,000. Interested parties will complete a non-disclosure and buyer profile. Valuable 47 Liquor license goes with the business, there are 4 employees, and the Owner is an absentee owner, other than occasional visits. This is a cash business with excellent cashflow! Seller financing available. Call now to set up an appointment!
According to IBIS World it's a $25.1 bn industry and expected annual growth worldwide is 4.7% through 2026 because it reaches consumers, and their spending is expected to increase. Although the 2020 pandemic showed a loss, this business has come back from that loss and is only showing more growth from month to month in 2022.
Real Estate is also for Sale for $680,000 ($1.25/sq ft at 3,305 sq. ft., Cap Rate of 7.3) . Outside patio is a bonus too! 10 x 50 patio has been approved through 2026 by the city.
Ample parking along the street, & across street. The additional space has 5 parking spaces. Tenant pays $1,500/mo. without fail.
You may drive by the building, at 2536 and 2530 Wible Road, Bakersfield, CA. Please do not ask any questions of the employees.
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.