Last Revised: 9/10/19. Posting #: 254062
Key Words: bars, fontana, san bernardino, inland empire, absentee
Financial Info: Price: $275,000. Down: $125,000. Adjusted Net: $102,186. Annual Revenues: $435,653. Seller has offered owner financing for a qualified buyer with only $125,000 down.
Profile: This business presents an acquisition opportunity to own an well-established, semi-absentee owned bar with full liquor(ABC-Type 48) license.
This business establishment with seating capacity of about fifty(50) attracts patrons for a quick round of drinks at lunch to a fun filled night out with friends and family.
Upon arrival, this establishment pampers its guests with a selection of draft beers on tap, a full bar, music, multiple flat screen televisions, pool tables, providing an enjoyable entertainment atmosphere.
Additionally, current ownership dedicates almost no time and resources for advertisement and promotion of this business and most of its clientele is established repeat or referral, therefore, upside potential, additional revenues and resulting higher bottom line may be realized by actively engaging in advertisement campaigns and utilizing social media.
Incoming buyer may take this business to new heights as the current owner does not even accept credit cards and is limited to cash sales only. Therefore, a simple change of accepting credit cards may result in higher sales and a corresponding higher bottom line.
Located on a busy intersection ensures steady volume of traffic. Growth in surrounding area may result in higher traffic and added future potential.
Seller has offered this business for sale after over forty-one(41) years of ownership at retirement age.
Seller has offered owner financing for a qualified buyer with only $125,000 down payment.
Very low rent, low overheads, clean books and records, semi-absentee ownership, busy street location along with opportunity for expansion and growth presents a great acquisition opportunity.
Professional Resources & Contacts To Help You Close Your Deal!
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
Profile: New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. We believe in long term relationships with our clients. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese.
Key Words: escrow, bulk sale, helen yoo, new century escrow
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Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
Key Words: BizBen, BizBenNetwork, facilitator, advisor, consultant, peter siegel, siegel, bbn
Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy
Profile: Business Valuation Expert and CPA John Byrne explains how business owners need to have accurate and timely financial statements in order to manage, grow, and ultimately sell their business. The emphasis should be on generating the financial statements to serve all users of the financial data.
Key Words: selling a business, sell a business, sell your business, financial statement, financial statements, financials, valuation, valuing a business, valuing your business, business valuation, business owner, business owners, owner sellers, john byrne
Profile: Business value has a different meaning depending on the purpose of the parties involved in the transfer. John Byrne, CPA, Business Valuation Expert explains three different methods for valuing a business: Investment Value, Fair Market Value and Fair Value.
Key Words: business valuation, valuing a business, selling a business, sell a business john byrne
Profile: Whether it’s a business owner/seller or a business broker representing a business owner who is selling, buyers of businesses must be diligent about asking the right questions and getting the right information up front before wasting their time or losing money in a potential futile transaction.
Key Words: buying a business, peter siegel
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Profile: Customers and potential business buyers can learn a lot about a business simply by its appearance. BBN Manager Jordan Green discusses the importance of curb appeal and how properly maintaining a business can not only add to its value, but also improve its ability to sell when the time comes.
Key Words: selling a business, curb appeal, jordan green
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