Landmark Bar w/Real Estate

Landmark Bar w/Real Estate

Location:New Bedford, MA
Your Reference ID: 19877

FINANCIAL INFORMATION

Asking: $525,000
Gross: N/A
Cash Flow: N/A
Furniture, Fixtures & Equipment: $35,000 (Included in Price: Yes)
Inventory: N/A
Real Estate: $425,000 (Included in Price: Yes)

SUMMARY DESCRIPTION

This popular bar has been around for decades and has been completely renovated. Full liquor license to be transferred.
Steady neighborhood clientele with locals, local workers, college students, tourists, sports groups etc. Permit for 54 seats, bar, booth and counter seats. Offered with the real estate which also includes a rental apartment unit.

FACILITIES

Two story building overlooking the New Bedford harbor. Bar occupies 1,662 sq/ft on the first floor with two restrooms and a small kitchen. The second floor contains a rental unit consisting of two bedrooms, a kitchen, a bathroom, a den and storage. A third-floor unit is unfinished. There is plenty of on street parking. The real estate ($425,000) is included in the asking price.

GROWTH/OPPORTUNITY

Bringing back food to the mix would be a welcome addition for the patrons. Walkway from new MBTA Station will be across the street.

Training & Support:

As needed for a smooth transition.


Reason Selling: 

Retirement

For more information on this listing, please complete our Non-Disclosure Agreement
LISTING BROKER

Kevin Nery, CBB, LCBI, M&AMI

Kevin Nery, CBB, LCBI, M&AMI