Location: United States -> Louisiana -> New Orleans
Industry: Bars and Nightclubs > Bars and Pubs

Businesses for sale Summary

This extremely nice 24 hour bar / lounge for sale is 1 of 3 being offered by the seller in the Metro New Orleans, Louisiana area. Business is over 50 years old and has established itself as a foundation in the area in which it is located. Business has a large base of loyal, repeat customers who come back for the fun atmosphere. Business currently has video poker with over $150,000 going to that location. Bar is the only one in the area which is open 24/7. Bar also hosts a bike night once a week.

Business is located on a high traffic road in a highly visible location. Business is located in metro New Orleans, Louisiana, which is a large city with all the amenities. Current owner has other business interest and is highly motivated to sell. Seller will train new owner on this very easy to own and operate business. Seller is open to substantive offers and will seriously consider and promptly respond to all reasonable offers. Come see this well maintained bar, meet the owner, make offer.

Financials

Asking Price Range:  $250K – $500K
Gross Revenues:   $360,000
Cash Flow:   $150,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $25,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1988
Number of Employees:  10 – 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Available.
Reason For Selling:  Other business interest.