Bar And Nightclub in Baldwin County Open Over 20 Years

Price: $950,000

Location: South Baldwin County, AL

Industry: Bar, Pubs and Taverns

Listing ID: 3-1

Listing Status:

Description

Owner looking to retire after a great 20 year run. This business is very popular and has income from several sources: alcohol sales, event leasing, and cover charges. This business holds a very rare "24 Hour Liquor License". This business is only open 2 days a week currently Friday and Saturday night. TONS of room for expansion. This business needs an owner with lots of energy and an open mind to change and technology to take it to the next level. The location has 8500+ square feet between 2 levels, a dance floor, 2 bars, an outdoor covered area with horseshoes and corn hole, huge stage with great lighting and sound, huge liquor room, large beer cooler for 200+ cases, and lots of parking. Separate acreage and housing on property for owner or manager. Real Estate alone valued at $860,000 with April 2022 appraisals from A Baldwin County Licensed Appraiser. Inventory, Equipment and furnishings add another $105,000. Business income is primarily cash. No value for income stream as it is primarily cash. This will be transferred debt free and liability free as an asset sale.

LISTING DETAILS

Cash Flow: $200,000

FFE: $75,000

Inventory: $30,000

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LISTING BROKER

Eric Dolbear

Eric Dolbear