000 In Sales Profit Of $302 000! Kansas City, MO 64111

Property Details for 000 In Sales Profit Of $302 000!

Year built

1965

Property size

8,314 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This iconic Kansas City bar and grill, established in 1965, presents a remarkable investment opportunity. Boasting 8,314 square feet of space, this well-established business generated over $3,300,000 in sales in 2023, resulting in a net profit exceeding $301,000. The owner also reported profits of over $455,000 in 2022 and over $360,000 in 2021. The sale includes the business and its extensive inventory of equipment, which includes a comprehensive list of bar and kitchen appliances, seating for over 125 patrons indoors and additional seating on the patio, and a state-of-the-art POS system with multiple monitors, printers, and cash drawers. The lease on the property extends until August 30, 2040, with a monthly rent of $15,000. The current owner is willing to consider a lease-to-own option for the real estate, valued at $2,200,000, or a direct sale of the real estate. The asking price for the business itself is $1,400,000. The business currently operates 33 hours per week, suggesting significant potential for increased revenue by extending operating hours. This turnkey operation comes complete with a liquor license and a loyal customer base within a five-mile radius. The sale includes the recipes, name, and concept, allowing for continued operation under the existing brand or the implementation of a new concept. The property features a warm and inviting atmosphere, combining vintage charm with modern amenities. This is a rare chance to acquire a piece of Kansas City history and a highly profitable, established business. SBA lending may be available to qualified buyers.

Location Insight

City

Kansas City

County

Jackson

State

Missouri

Longitude

-94.5986

Latitude

39.0587