100% Absentee Operated Bar / 4COP
Not Disclosed, FL Saint Lucie County
St. Lucie County
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- RE: 100% Absentee Operated Bar / 4COP
- Contact: Bob Leone
Quick Facts
| Asking Price: | $499,000 | |
| Annual Revenue: | $366,643 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $61,326 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $25,000 | |
| Real Estate: | $400,000 | |
| Year Established: | 2014 | |
| Employees: | 4 | |
| BBN Listing #: | 938656 | |
| Broker Reference #: | 170-08515 |
Business Overview:
100% ABSENTEE OPERATED BAR/4COP. All buyers must provide proof of funds and background info along with a signed NDA. This is a golden opportunity for someone looking to get into the very profitable "BAR" business. Established in 2020 during the pandemic and despite all those obstacles has developed a loyal clientele. With many amusements to keep patrons busy while they’re drinking: pool table, Juke Box, Darts, and other arcade games. Limited food to keep it simple. The most coveted liquor license, the 4COP quota license, allowing full liquor & package sales and smoking inside. The establishment was formerly another bar, and this entrepreneur gutted it and started from scratch; a lot of money was spent on build out. Many growth opportunities for a new owner: add a daily social media platform, website, Live Entertainment, additional food options, etc. It's a BAR, so the numbers are the numbers, see them as you will. The big thing here is this is 100% turnkey, and with an owner operator in place, the numbers will change quickly. Call today, this one will not last long. 100% CASH deal only. Manager works 6-8 hours a week, just to pick up money deposits. Owner orders the liquor. 2021 & 2022 Financials show overpayment on general liability insurance, and Other Amount is Amortization non-cash tax deduction. 2023 does not show the depreciation & interest expense. The 4-COP Quota liquor license valued at approximately $450,000 is fully transferable to anywhere within the county.
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Property Features and Assets:
Inventory: $12,000 (Included in the asking price).
Lease/Month: $4,227. Square Footage: 1,600. Building Type: End Cap Small Plaza. Terms & Options: 5 years with 3-5 year option. Expiration Date: 6/30/2025. Leasehold: $75,000.
Reason for Selling:
Downsizing ResponsibilitiesAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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