Established 48 Bar
Not Disclosed, CA Los Angeles County
Seller's Contact Information
- RE: Established 48 Bar
- Contact: Andre
Quick Facts
| Asking Price: | $250,000 | |
| Annual Revenue: | $254,000 | |
| Net Profit: | $30 | |
| Cash Flow: | $30,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1970 | |
| Employees: | 7 | |
| BBN Listing #: | 305949686 | |
| Broker Reference #: | 3250 |
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 homebased business opportunity.
- This is not a franchise resale opportunity
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