George & Companyhead2


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July 24, 2008, 5:47 am   
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Sports Bar

Listing #14955
General Location Worcester County
Current Status Back to Market


Terms of Sale

Asking Price: $85,000
Down Payment: $Negotiable
Real Estate Value : $250,000
Financing: financing


Financials

Gross Sales: $109,400
Cash Flow: $55,000


General Information

Established: 1970's
Business Hours: 7 days 11:00am - 2:00am
Employees:
Area Square Foot: 2,277

 

Description

Neighborhood bar including real estate with an off-street parking lot. The single story building is a just under 2,300 SF and located on a 10,116 SF land lot. Long established, but currently run absentee. Strong opportunity for growth with hands-on buyer. Net commission from lottery was $29,000 in 2007, but was much higher when owner was hands-on. Entertainment license is currently for 98, but there is additional space within the building that could be opened up and finished to enlarge the club for additional capacity. This business will be sold with the real property. Asking $335,000 plus inventory for business and real estate combined. Seller will negotiate.


Contact Information

Contact: Jeff Lefebvre
Phone: 508-753-1400
Email: info@georgeandco.com

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