Historical Bar In Downtown Saratoga With Real Estate

Offered For The First Time, Owned By The Same Family Three Generations

sunbelt

Specifications

 Price:
$500,000
Revenue:
Please contact agent
Cash Flow:
$205,175 reported
Location:
Historic Saratoga Village
Clientele:
Locals and destination
 License:
Type 48
 Employees:
2 PT + (2 Owners)
Reason for Sale:
Sellers are Retiring
Goodwill: 50 years serving the locals

Business Summary

This offering for one of the oldest bars in the area is a once in a lifetime opportunity. The details are as follows for the business, information regarding the real estate on separate summary. 

• Original antique hand carved wood bar back with mirror and refrigeration 

• Single well 

• 4 tap beer cooler and tap (full asset list will be provided in the business memorandum) 

• Newly upgraded electrical panel, HVAC unit, and water heater 

• Antique chandeliers located on high wood beam ceilings 

• Two bathrooms (not ADA compliant) 

• Has former kitchen, extensive upgrades will need to be made to re-introduce 

• Back section of building is newer and can be modified or additional floors added 

• Historical building in the front, preservation requirements present 

• Stand-alone building in line with many restaurants and night life 

• Sales cycle is stronger during concert and wedding seasons 

• Cash business (records not verified by agent/broker) 

• Rough capacity 30 seats between bar, tables and 2 booths 

For more information, please contact Brian Bacher, 32 years baking industry professional turned business broker at 408.368.8160 or email [email protected]