Description of the business for sale
This is a busy neighborhood bar and lottery with 2 apartments upstairs. Each apartment rents for $200/week. The business and real estate can be purchased for $715,000. Business only will sell for $275,000. The liquor license is a 7 day on-off from 6:00AM-2:00AM. The tavern business is good and lottery is strong. More information is available on the business and real estate.
Competition: The business is in an area that has seen a great deal of recent redevelopment, and has a steady loyal clientele.
Growth and Expansion: License permits both package goods sales and Sunday sales,which would increase revenue if it was advertised.
Reason Selling: The owner wishes to retire.
Support / Training provided by seller
The owner will provide training in all facets of the business.
Description of the facilities
Built in 1920; 3349 total square feet; generally good condition; zoned B2-2; Bar on !st floor, 2 apartments on 2nd and 3rd. Tavern License is 7 day BWL on/off (no food required); strong lottery; Seller will also consider selling the business only for $275,000; with rent of $1500/mo.NNN for the first floor.