Business Overview:
This Northridge Area Bar with liquor, no food requirement and low rent is, as the owner would boast, the quintessential dive bar. This bar, which was established in the 1960's, has seen few changes over the years and boasts a great deal of personality as a result. The sale includes all of the bars furniture, fixtures, equipment, goodwill and Type 48 Liquor License. The facility has a manager's office and liquor room, an ice and storage room, two newly refurbished restrooms, lottery machine, flat screen TV's, dartboards, video games and a jukebox, and plenty of parking.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This 1,300 square foot facility will likely lease for $2,500 per month with a new lease term to be negotiated (likely 3 years). The facility’s official occupancy is for 49 patrons. The bar seats roughly 16 patrons, while there are booths and seating for another 24 patrons.
Market Competition and Expansion:
This bar has been a neighborhood favorite local tavern with its loyal patrons for years. While it is rumored that a mall may eventually be developed nearby, this has not been confirmed. New owners may seek to renovate the facility and potentially implement cosmetic modifications to the restrooms and gaming area. New owner will likely seek to install modern televisions and satellite service to host sports and other event viewings, as well as a point of sale system, or at a minimum, a credit card machine as the bar is currently cash only! New management will seek to have a re-opening launch, and advertise the new venue to local residents and workers. Options for growth also include hosting viewing parties, holiday parties, themed promotions, music (if permitted), etc.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.