Popular Bar and Restaurant in New Orleans For Sale : $199,000

Asking Price:$199,000

Gross Revenue:$346,858.32 

Cash Flow:N/A

FF&E:$101,465

Inventory:$15,000

Established:2010

Reference # : CGLA – 00145

Business Description

Popular, fun bar in the greater, central business district of New Orleans. Business has space totaling +/- 5,000 square feet which includes outside and inside dining, bar, video gaming.

Detailed Information

Inventory:
Included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
5,000 square feet (inside and outside) of restaurant and bar space in downtown central business district. Friendly lease through 2020. New owner can re-negotiate.
Competition:
Business neighborhood is almost complete total renovation mode, of 20+ story buildings, condos, hotels and apartments.
Growth & Expansion:
Business is very popular and has recently began offering bar-type foods which are a hit. Business has 5 video poker machines on-site and approved for a 6th.
Financing:
Yes
Support & Training:
Owner will train up to 60 days and may would stay on as a silent partner and finance some of the purchase price.
Reason for Selling:
Other opportunties
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