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Bar Seeking Loan in Philadelphia, United States

Seeking funds to acquire a multicultural bar and lounge serving urban Philadelphia.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 100 thousand
Run Rate Sales USD 120 thousand
EBITDA Margin 18 %
Industries Restaurants + 1 more
Locations  Philadelphia
Local Time 9:46 AM America / Kentucky / Louisville
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 150 thousand for 8.0% annual interest, 3 years (Native Currency: USD 150,000)
Reason: - We are seeking funds to acquire the bar. - Physical assets and sales figures mentioned are for th... View More
Collateral Available: USD 150 thousand
Includes physical assets worth USD 200 thousand
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Business Name
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Business Overview

- Small business owner plans to purchase a bar and restaurant in Philadelphia.

- Restaurant also owns skill machines and arcade games.

- This business is growing in the urban community with substantial growth opportunities to expand.

- The owner is well experienced having operated nightclubs and bars for 10 years.

- The business has a following of 3,000 people with a contact list.

- Facility can accommodate around 30 customers.

Products & Services Overview

Restaurant sells food, alcohol and has Pennsylvania skill machines and arcade games.

Assets Overview

The business owns all furniture, fixtures and electronics and inventory. Total asset value is USD 200,000 and this will be transferred with the purchase of the restaurant.

Facilities Overview

Rented property of 2,800 sqft in a building with 2 floor. USD 2,000 per month leased rent.

Capitalization Overview

There is no debt to the business. Single person owns 100% of the business.

Recent Activity
  • Earlier than 15 days
    Director, New York, Financial Consultant connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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