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Found a bar for sale!

September 24th, 2008 at 05:32 pm

I found two bars for sale, both include the building and the liquor license. One is $224k, the other $130k. The second is what I want, with rentals above to pay the note. These are very inexpensive, so I am doing a drive by later to check out the areas. The $224k one would work, but doesn't have rentals, so isn't quite what I am looking for. (Both would save big bucks on getting the license and not having to buy all the bar equipment).

My plan is to open the bar in five years, but it can't hurt to start looking now so I can identify a good deal when I see one.

Posted in , $20 Challenge | 6 Comments »

6 Responses to “Found a bar for sale!”

  1. toyguy1963 Says:
    September 24th, 2008 at 05:40 pm 1222278016
    1222278016

    Good luck. Just don't impulse buy one until you are ready.

  2. Joan.of.the.Arch Says:
    September 24th, 2008 at 06:00 pm 1222279235
    1222279235

    Exciting! My city once had a lot of small, family friendly taverns, a concept that some people these days cannot even imagine. Over the decades, that has changed and many of them have become dives. Earlier this year, one of these dives 2 blocks from me got a new owner, a new chef, and a complete facelift. Sidewalk tables, too. What was once a scary place is now a bright spot with good reviews (though I haven't been there yet.)

  3. fern Says:
    September 24th, 2008 at 06:26 pm 1222280766
    1222280766

    My British neighbor complained to me once that American bars are nothing like the ones in his country, where they are considered meeting places and "hangouts." In American bars, he said, it's hard to strike up a conversation with a stranger. People aren't friendly.

  4. scfr Says:
    September 24th, 2008 at 07:14 pm 1222283640
    1222283640

    Good for you! The looking around and the dreaming and the planning (even if it's very long-range) sounds like a great cure for the "I'm home with the baby and not working and my brain's going to mush" blues.

  5. Broken Arrow Says:
    September 24th, 2008 at 07:21 pm 1222284076
    1222284076

    Ummm... wait, what? You mean you're considering BUYING an alcoholic establishment? Oh. I thought you just wanted to be a bartender! Silly me. I should've expect something a bit more entrepreneurial here. Big Grin

  6. thriftorama Says:
    September 24th, 2008 at 07:34 pm 1222284871
    1222284871

    Oh no. If I just wanted to be a bartender, I could do that. I'm sure a lot of bars here would relish having a former Bourbon St. bartender on staff.

    I want to own my own place. That's what I am saving for.

    Also, I just spoke with a friend who works for the city and it turns out the cheap one is next to the site of a planned redevelopment that may up the neighborhood. She said it's a solid building and definitely worth looking at. This chick knows her stuff.

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