PBBID: 124
Business Description: Bar & Lounge
Categories: Bar, Lounge
Broker Summary: Legendary St. Louis Bar for sale! Owners work 1 hr a week. Business has thrived for over a decade, with Average discretionary earnings of 150k+ annually over the past 3 years! Owners are focusing all of their time, effort, and capital into a new business that has taken off and are ready to pass the torch on to the right buyer! Fair market valuation came out over 340k but owners moved the price to 275k+Inventory for a quick sale. Business also has 45k in furniture, fixtures, and equipment included in the sale.
For more information, call 314-548-2153 or info@premierbb.com.
| SALES | 2013 | 2012 | 2011 |
|---|---|---|---|
| GROSS SALES | $792,042 | $743,900 | $692,048 |
| SELLER DISCRETIONARY EARNINGS | $162,908 | $182,241 | $112,000 |
Location: St Louis, MO
Owners Hours: 10am - 2pm - 1 day
Employees: 2 Full Time, 18 Part Time
Square Footage: 6500ft
Lease Amount: $5455
FF&E: $140,000
Asking Price: $275,000