43 Year Old Neighborhood Bar Sunnyvale, CA.
This is an older, well established neighborhood bar with a type 48 ABC license. The present owner took over in 1995 after her husband passed away; he had owned it since 1973 at the same location with the same name. The business has a number of revenue streams from the game machines, pool table, ATM, etc. The bar presents an opportunity for a younger more energetic owner to start up a marketing program to attract a wider audience and increase sales.
Sales: $363,437 Adj. Cash Flow: $89,022 For 12 mo ending Dec 2016 from 1040 Sch C
Purchase Price: $300,000 Inventory: $5,000 (Included)
Employees: FT: 1, PT: 2 Owners: FT: 0, PT: 1
Size (SqFt): 1,700 Rent: $4,496 NNN: $1,015 Rent Increases: 3% Annual Lease Exp: 1/31/2019 Parking: On Site Retail Center