Cocktail Lounge/Restaurant - NEW
Location: Downtown Des Moines
Type:
Financial Information: General Information:
Purchase Price: $199,000
Years Established: 12 year(s)
Annual Sales: $608,000 (2016), $610,000 (2015) Required License(s) Sales Tax Permit, Food License, Beer,Wine, liquor
Annual Net Profit: $46,800 (2016), $74,000 (2015) Employees: 1 FT, 14 PT
Recasted Cashflow: $111,448 (2016), $127,600 (2015) Business Hours: 11a-12a M-TH, 11a-2a F-Sa, 11a-6p Su.
Equipment Value: $35,000 Reason for Sale: Other business interest
Inventory Value: $8,000
Terms: Cash
Building and Property: Additional Comments:
Monthly Rental: $3,242
50/50 ratio of alcohol.
Lease Information: 2.5 years remaining with a 5 year option
Square Footage: 2,000