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Poway Tavern With Immediate Upside Potential. Low Rent

San Diego, California : Restaurants
Listing #2867

Poway Tavern With Immediate Upside Potential. Low Rent. RRC#: 2867 Asking Price: $64,000 Location: San Diego County, San Diego County, California Yearly Revenue: $180,000 Yearly Cash Flow: Contact For Info Monthly Rent: $1800 + Utilities. No NNN LISTING DESCRIPTION: This incredible opportunity was first established in the 1950's and enjoys a loyal following. The current ownership is absentee and is engaged full time in other business interests which affords a full time, hands on operator, immediate upside potential. There is currently only limited food service and expanding the bar menu and interior remodeling would afford further upside potential. There is an under utilized covered patio which affords expansion opportunities and the lease permits the addition of a 10'x20' beer and wine storage unit within the promises. A partial list of the furniture, fixtures, and equipment included with the sale follows: Walk-in cooler reach in beer cooler glass freezer wine cooler ice machine, refrigerator-freezer, (2) pool tables including sticks, racks, and lights (20) bar stools (9) flat screen TV's (6) 4 top wood tables (18) High top wood cushioned chairs stainless steel bar sink stainless steel ice storage bin Micros POS system (2) Micros cash drawers Micros printer (2) stainless steel food warmers (9) color video cameras digital video recorder, (11) neon beer signs misc. beer and wine glasses and utensils. The ABC 42 license restricts closing time to 12am due to the proximity of apartments and door to premises must be closed if the bar is providing recorded or live music. Do not disturb employees as they are unaware of sale. Back of the house by appointment only. Assignment of lease subject to approval by landlord. GENERAL INFORMATION: Organization: LLC | Year Established: 1950's | Current Owner: 2012 | Employees: 5 (PT) | Seating: 50 | Square Footage: Approx. 1100 | Parking: Open and unreserved. | Licenses Required: ABC 42, City Business Permit County Health Permit | Days Open/Hours: M-F 12p-12a Sat 2p-12a Sun 10a-12a | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $180,000 | LEASE INFORMATION: Monthly Rent: $1800 + Utilities. No NNN | Lease Expiration: 4/30/22 | Yearly Adjustment: CPI | Lease Option: None. May be negotiable | Security Deposit: $1500 |

Asking Price:

$64,000

Gross Income:

$180,000

(last 12 months)
Cash Flow:

Undisclosed

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Poway Tavern With Immediate Upside Potential. Low Rent.

RRC#: 2867
Asking Price: $64,000
Location: San Diego County, San Diego County, California
Yearly Revenue: $180,000
Yearly Cash Flow: Contact For Info
Monthly Rent: $1800 + Utilities. No NNN

LISTING DESCRIPTION:
This incredible opportunity was first established in the 1950's and enjoys a loyal following. The current ownership is absentee and is engaged full time in other business interests which affords a full time, hands on operator, immediate upside potential. There is currently only limited food service and expanding the bar menu and interior remodeling would afford further upside potential. There is an under utilized covered patio which affords expansion opportunities and the lease permits the addition of a 10'x20' beer and wine storage unit within the promises. A partial list of the furniture, fixtures, and equipment included with the sale follows: Walk-in cooler reach in beer cooler glass freezer wine cooler ice machine, refrigerator-freezer, (2) pool tables including sticks, racks, and lights (20) bar stools (9) flat screen TV's (6) 4 top wood tables (18) High top wood cushioned chairs stainless steel bar sink stainless steel ice storage bin Micros POS system (2) Micros cash drawers Micros printer (2) stainless steel food warmers (9) color video cameras digital video recorder, (11) neon beer signs misc. beer and wine glasses and utensils. The ABC 42 license restricts closing time to 12am due to the proximity of apartments and door to premises must be closed if the bar is providing recorded or live music. Do not disturb employees as they are unaware of sale. Back of the house by appointment only. Assignment of lease subject to approval by landlord.

GENERAL INFORMATION:
Organization: LLC | Year Established: 1950's | Current Owner: 2012 | Employees: 5 (PT) | Seating: 50 | Square Footage: Approx. 1100 | Parking: Open and unreserved. | Licenses Required: ABC 42, City Business Permit County Health Permit | Days Open/Hours: M-F 12p-12a Sat 2p-12a Sun 10a-12a | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $180,000 |

LEASE INFORMATION:
Monthly Rent: $1800 + Utilities. No NNN | Lease Expiration: 4/30/22 | Yearly Adjustment: CPI | Lease Option: None. May be negotiable | Security Deposit: $1500 |


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