Retail - Bars/Taverns | Retail - Other Eating & Drinking Places

Asking Price	$149,500	Inventory	tbd**
Gross Income	$175,000	Real Estate
Cash Flow	$52,000	Year Established	2003
FF&E	$80,000*	Employees	2 ft, 1 pt

* included in the asking price

** not included in the asking price

Upscale Cocktail Lounge & Wine Bar in great downtn location w/lots of parking nearby. Very busy on wkends as Nite Club. Black granite Bar area seats 9 w/big screen hi-def tv/DVD player. Raised lounge area w/velvet seating w/addt'l leather seating areas & handmade coppertop tables. Currently has live music & DJ's several nites per wk. Signature cocktails, martini's & simple (yet delicious/profitable) menu. Perfect for couple/owner operator. A popular "stop" for monthly Art/Gallery Walk. Beaut. brick walls & antique white tin ceiling in bldg built in the 1850's. Great time to own this profitable/recession-proof business as sales have con't to increase! It's "The Place" to be & be seen. Popular w/locals & tourists alike. Downstairs has beautful area which could be used for priv. parties.

Facilities: FF& E incl. in the sale. Inventory is not incl.

Competition: This is a great time to own a "recession-proof" business. Patrons always comment this has a nicer ambiance than other places in town. Lots of room for growth/expansion by extending hours to incl. lunch/brunch on wkdays/wkends. Currently closed Mon.'s & open at 5pm 'til close Tues-Sun. Couple operates business currently.

Growth/Expansion: Lots of room for growth & expansion by extending hours to incl. lunch/brunch on wkdays/wkends. A private room area downstairs easily could be used for priv. parties. Could also easily do wine & cheese tastings & movie nights".

Financing: $100,000 down w/balance financed @ 8%

Support/Training: Support training 1-2 wks incl. to the buyer at no costs.

Reason Selling: Relocating