Long Beach Bar-Live Entertainment &Type 48 License
Long Beach, CA Los Angeles County
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- RE: Long Beach Bar-Live Entertainment &Type 48 License
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $390,000 | |
| Annual Revenue: | $200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | 30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1977 | |
| Employees: | 2 | |
| BBN Listing #: | 24864929 | |
| Broker Reference #: | LBKBAR |
Business Overview:
This popular Long Beach area live music venue has been a hit with patrons since the middle 1970s. The 2,500 square foot venue has entitlements for live entertainment, DJs and dancing. The venue, which is nestled in a popular Long Beach neighborhood, boasts an eclectic offering comprised of club nights and recorded music as well as variety style offerings to satisfy a diversity of tastes and entertainment preferences. The business’s old-school dive bar character, pool tables and lively crowd help to foster an ideal atmosphere for spirited evening entertainment.
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Property Features and Assets:
This 2,530 square foot venue leases for $5,252 per month including common area maintenance (CAM) expense on a lease until July 2026 with one 5-year option. All of the business’s furniture, fixtures, equipment, Type 48 Liquor License and goodwill will be included in the sale. An estimated $5,000 inventory will be sold at cost at close in addition to purchase price.
Market Competition and Expansion:
As this venue is located in a popular drinking and entertainment district of Long Beach, the business clearly faces competition from a variety of alternate venues. With that said, the 50 year old business remains an incumbent go to bar for certain types of entertainment, genres and live entertainment and more. As such notoriety cannot be easily replicated, the business’s longstanding reputation and tremendous goodwill will provide it a unique long-term competitive advantage!
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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