A compact, mobile serving cart for efficient preparation and service of cocktails, beverages, food, and/or other items to be served configured for service in a mobile, serve on the go configuration or service in a compact, stationary service configuration. The mobile serving cart includes a frame, side panels, wheels, and a user handle for pushing and maneuvering the cart. The mobile serving cart further includes a cooler assembly; a designated work tray space; a garnish and tool holder assembly; and driver-side drawers openable toward a user and configured for housing various ingredients, service tools, glassware, and other objects desirable for service of beverages, food, etc. In an exemplary embodiment, the mobile serving cart further includes removable caddies and mountable service accessories for smooth transition from service on the go to a compact, stationary, full-service bar.