Sold
This won't last!
WESTFAIR LOUNGE, BAKERSFIELD, CA - SELLER FINANCING!!
BAR, TYPE 47 Liquor License
2536 Wible Road, Bakersfield, CA 93304
This business is selling for $399,000 plus inventory. The owner has made many upgrades and additions to this lucrative bar in upwards of $200,000. Interested parties will complete a non-disclosure and buyer profile. Very valuable 47 Liquor license goes with the business, there are 4 employees, and other than occasional visits, the Owner is absentee. Outside patio is a bonus too! 10 x 50 patio that has been approved through 2026 by the city. It's used for BBQ's, Music, and various community events. This business has excellent cashflow and the Seller will finance a portion of the sales price. Call to set up an appointment! Call Carol's cell 661-369-1516.
According to IBIS World it's a $25.1 bn industry and expected annual growth worldwide is 4.7% through 2026 because it reaches consumers, and their spending is expected to increase. Although the 2020 pandemic showed a loss, this business has come back from that loss and is only showing more growth from month to month in 2022.
Real Estate is also available ($1.25/sq ft at 3,305 sq. ft., Cap Rate of 7.3)
Ample parking along the street, & across street. The additional space has 5 parking spaces. Tenant pays $1,500/mo. without fail.
You may drive by the building, at 2536 and 2530 Wible Road, Bakersfield, CA. Please do not ask any questions of the employees.
Listed By: Carol Bennett
Background information
Reference:
47365
Year established:
1964
Reason selling:
Retirement
Finance
Sales:
Undisclosed
Profits:
Undisclosed
Profit type:
Undisclosed
Operations
Employees:
2 full-time 2 part-time
Equipment:
Nearly New Ice Machine, Digital JukeBox, 2 Pool Tables, Shuffle Board, outside patio furniture, bbq, and much more! Outside patio is a bonus too! 10 x 50 patio that has been approved through 2026 by the city
Inventory:
$35000
Premises
Facility:
Built in 1962 1 Story Concrete Foundation
Square footage:
3305
Rent and lease terms:
2 Units 1 rental for $1,500/month
Location:
Centrally Located in Bakersfield
Opportunities
Market:
Continued Growth
Price and terms
Price:
$399,000
Financing:
Seller Financing Available
Training:
4 weeks, 20 hours per week