Tupelo Data Room
Bars, Pubs & Taverns
Active

Historical Bar in Downtown Saratoga with Real Estate

Saratoga, Santa Clara County, California, United States
listing image
Asking Price$250k
Revenue-
EBITDA-
Cash Flow-
Description
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 available as a 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, vent still in place • 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, plus a new back-room seating area
Real Estate
$1.80mNot Included in Asking Price
Building Size: 1918 sq. ft.
Inventory
$3k
Number of EmployeesFull-Time: 2
Year Established
1970
Reason Selling
Sellers are retiring
Facilities & Assets
Carved wood bar and bar back, single well, bar seating, couch and booth areas, new back room seating.
Support & Training
Owner will train
Market & Competition
There are no other bars like this in town, one of the oldest in the county.
Growth Opportunities
Adding a patio, light menu, social media presence, are all possibilities for growth.
Asking Price$250k