Westfair Lounge - Profitable & Well Located

WESTFAIR LOUNGE, BAKERSFIELD, CA - 2536 Wible Road, Bakersfield, CA 93304 This business is selling for $455,000 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.  Valuable 48 Liquor license goes with the business, there are 4 employees, and the Owner is an absentee owner, other than occasional visits.  This is a cash business with excellent cashflow!  Seller financing available.  Call now to set up an appointment! Carol office 661-323-2358 x223 or 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 for Sale for $680,000 ($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. Location: Bakersfield, California Year Established: 1964 Number of Employees: 2 FTE, 2 PTE Real Estate: Owned Building Sq. Ft.: 3,305 Facilities: 3,305 sq. ft. building, available for lease or purchase