Bar, Restaurant/Bar - Fort Wayne, IN
SELLER SAYS BRING ME An OFFER!!! Positive cash flow on this Downtown close - CLASSIC neighborhood bar that's all dressed up and ready for a new owner. A place for friends and neighbors to meet for a drink since 1989; a very loyal customer base. The bar has a Type-210 liquor license for the City of Fort Wayne. (a similar license recently sold for $80,000.00) This turn key operation has had over $100,000 in improvements to the 2,000 square foot building, property, fixtures and equipment in 2014. The roof is approximately 5 years old. Improvements include: Interior paint, laminate flooring in bar area, behind bar floor, floor in walk-in-cooler, fire prevention system, fountain system, ice bins, compressor for keg cooler and more..... Equipment includes karaoke machine, bar stools, ansul system ($3,000+ value), juke-box, pool table, credit card system, popcorn machine, grill, oven, freezer, small fridge. There is a rear and front camera system; rear system approximately 1 year old and the front system is only 6 months old ($2,500 value). Occupancy permit is for 150 people but is currently set up to seat 75. The current owner/operator works 10 - 20 hours a week and wants to retire and move south. Profits could easily be increased by a full time owner/operator and or simply increasing the limited bar food menu. Applying for a state pull tab license and/or lottery license would also increase profitability. The bar it's self has no off street parking BUT can be purchased with the 4 plex apartments that are adjacent to the bar which has a HUGE parking lot and currently has a smoking patio for the bar. The 4 - 1 bedroom unit property has over $2,000 a month income. The 4 plex will only be sold with or after the bar sells. Owner will consider support and training of the new owner. *** Seller will consider a short term land contract with LARGE down payment *** Liquor stock valued at approximately $7,000.00 is exempt from commission and is to be sold separately.