Summary
- Asking price:
-
$55,000
- Sales revenue:
- < $500k
- Net profit:
- < $250k
- Business closed / Asset sale:
- Yes
- Years established:
- 2006
- Relocatable:
- This business can be relocated.
Business description
Its a small bar with big options! You have a running bar from day one, everything is working. Its big possibilities to make the bar 3 times as big as it is now. U can do a lot of money if you run it in a proper way thats for sure!
Property information
- Real Estate:
- Lease
- Lease terms:
- P16000/month (US$390), eight years to go on this contract with possibility to extend.
- Location:
- 200 yards up on The Fields from MacArthur Highway, thats the hottest place u can have a bar in the Philippines!
Other information
- Expansion potential:
- There is a possibility to buy the stall wall to wall, thats own by a American that want to sell it. Then the bar will be three times bigger.
- Competition / Market:
- Around 200 bars on the same street, but this is one of the first from MacArthur Highway. And people like to barhopping between the bars.
In this bar u have a place outside also that is very popular.
- Support & training:
- No training, but all our friends that coming here, we take to that bar for sure if its not crowded already!
- Reasons for selling:
- We have other business that taking to long time to run, so we don't have any time left over for this, so we decide to sell it.
- Trading hours:
- day, evning, night, upp to the new ovner
- Furniture / Fixtures value:
- $7,000
- Inventory / Stock value:
- $1,000