Established East Side Bar – Recession Proof Business
Location: United States -> Wisconsin -> Milwaukee
Industry: Bars and Nightclubs > Bars and Pubs
Businesses for sale Summary
One thing is for sure with our current economy – people will continue to drink alcohol. The bar business for sale has always stood the test of time in any economy, good and bad. In fact, you could argue that bars do better during hard times. This is your opportunity to take control of your destiny and prosper with your own business. This establishment has been a fixture on the Northeast side of Milwaukee for 20 years. The current owner is relocating out of state because of a new career opportunity. The owner has been involved very part time (under 10hrs/week) and still generates substantial cash flow for himself. Offering a combination of beverage and food, this pub has a full kitchen capable of producing almost any type of menu line-up. This area has the potential for more revenue if a new owner wants to get more involved in the food prep. Very busy weekends, Friday fish fry, special events and street-side tables bring in locals and college students alike.
Excellent margins on liquor, with added cash coming from the Internet jukebox and video poker machines. Several flat panel TV’s for sports fans and karaoke round out some of the entertainment available to patrons. Building is currently leased but an option to purchase is available. Buyers will need to submit a personal financial statement or a bank letter of credit prior to receiving any information on this business. Local banks have indicated financing is available to buyers with at least 25% cash down payment and excellent credit scores. Owner will carry note for qualified buyer. Confidentiality Agreement required. Prior experience in food and beverage management is helpful. Email or call Mike Pintar for more details at (262) 894-4121.
Asking Price Range: $250K – $500K
Gross Revenues: $327,627
Cash Flow: $34,206
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Yes
About The Business
Year Established: 1988
Number of Employees: 6 – 9
Current Real Estate: Leased
Property: Property For Not Applicable