Restaurant / Bar - Killer Location

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

This extremely nice restaurant / bar for sale is 1 of 3 being offered by the seller in the New Orleans, Louisiana area. Business is 20 years old and has established itself as a foundation in the New Orleans bar scene. Business has a large base of loyal, repeat customers who come back for the delicious food and fun atmosphere. Business will add video poker in January of 2009 which should add nicely to the bottom line. Bar is located on a high traffic corner in a highly visible location. Business has a high amount of walk-in traffic. Business is just a short walking distance from multiple tourist attractions in the downtown New Orleans area. Mardi Gras is an annual event that increases traffic and adds nicely to overall sales. This is a great opportunity for someone that wants to experience the fun and exciting New Orleans party atmosphere! New Orleans is a large metropolitan 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. Businesses in the popular New Orleans area like this do not come up for sale often. Act fast! This is a great opportunity to live the exciting life in New Orleans. Come see this well maintained bar, meet the owner, make offer.

Financials

Asking Price Range: $250K – $500K
Gross Revenues: $360,000
Cash Flow: Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Inventory: $165,000
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.