This is a turnkey operating business that includes the 4COP liquor license (valued at approximately $350,000), all FF&E, equipment, licenses, inventory, and existing management. All staff will remain in place, and the current owner will provide a generous transition and coaching period. The owner is retiring after more than 40 years in the industry. The $5,750,000 purchase price is allocated as follows: $3,750,000 for the real estate and $2,000,000 for the business.
Seller financing is available with 30% down at 7% interest. The property qualifies for an E2 visa.
The business generates approximately $4,000,000 in annual gross operating income, with net operating income of approximately $400,000, providing an investor with an above average market capitalization rate of approximately 7%.