The Mercury Lounge In Old Town Goleta Available For Sale!

Goleta, CA (Santa Barbara County)

The Mercury Lounge In Old Town Goleta Available For Sale!
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Asking Price: $50,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $22,000

Inventory: N/A

Rent: $3,980 per Month

Established: 1995

The Mercury Lounge In Old Town Goleta Available For Sale!

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Business Description

The Mercury Lounge is an iconic institution in Old Town Goleta. It has been in business for the last 25 years and has a strong following. The theme is mid-century South Pacific Island "dive-bar" chic and draws a demographic that has no limits. Bands from as far away as New York book here to play on stage. Beer and wine license available for purchase. Current owners have established great relations with local breweries. There are 15 taps and one reach-in cooler. Taps are direct draw. Lines are cleaned
every two weeks. The interior space has a vintage pool table, a small stage and full sound system for both live performances and stereo system. Owner has just added another 800 SF of exterior covered space due to Covid. This opportunity is priced to move.

Detailed Information

Location:
Goleta, CA
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
8/31/2021
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two restrooms and a back office for storage and work. It has a prep sink and refrigerator. Internet, landline and DVD player and option for cable TV. No ADA requirement unless further improvements made.
Competition:
This lounge has been in business for 25 years and has a terrific following. No competition with regards to theme and following.
Growth & Expansion:
When Covid is over, people will be very ready to congregate again and this is the spot that many faithful patrons and musicians will want to meet at again.
Financing:
Longer term lease available direct with Landlord. 800 SF of exterior patio space.
Support & Training:
Owner willing to help with training.
Reason for Selling:
Time with family
Business Website:
http://www.mercuryloungeotg.com/
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Business Location


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Blake Andrews

Business Listed By:
Blake Andrews

Presidio Commercial Real Estate

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