48 Bar

Not Disclosed, CA
Los Angeles County

Asking Price: Annual Revenue:
$275,000 $254,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: 48 Bar Broker: Andre

Quick Facts

Asking Price: $275,000
Annual Revenue: $254,000
Net Profit: $30,000
Cash Flow: $30,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 305949686
Broker Reference #: 3250

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Business Overview:

Established over 50 years ago, this is one of the oldest bars in Long Beach. Many years of a consistent clientele with a loyal following. Located on one of the busiest streets in Long Beach. Huge monument sign that can be seen from a distance. Located close to many industrial buildings and close to the port of Long Beach. Easy access to the freeway. Stand alone building with its own parking. Big layout with a long bar that helps provide a lot of seating. Lottery and free WiFi available for customers. Lotto usually generates about $5,000 a year. Business is semi-absentee run. Owner oversees the operation but does not work at the business. A more hands-on approach can make a huge difference. A must-see business with obvious room for improvements. Clear potential to improve sales and provide a healthy net profit.

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Reason for Selling:

Has a successful career /full time job.

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.

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