Established 48 Bar

Long Beach, CA


Asking Price: Annual Revenue:
$225,000 $424,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Established 48 Bar Broker: Andre

Quick Facts

Asking Price: $225,000
Annual Revenue: $424,000
Net Profit: $50,000
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1975
Employees: 3
BBN Listing #: 854749686
Broker Reference #: 3041

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Business Overview:

48 License with entertainment permit which allows for amplified music, DJs and Karaoke.
Established bar, over 40 years in business. Very loyal clientele, at one time the seller was a loyal patron himself.

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Property Features and Assets:

Stand alone building with own parking lot in front with extended parking across the street. Great signage with good street visibility. Good lighting at night in the front and in the parking lot. Extra storage room behind the building.

Market Competition and Expansion:

Owner does not advertise and does nothing with social media. However business has been increasing in sales for the last 3 years and owner expects to see a continual increase. Owner works average of 30 hours per week.

Reason for Selling:

Retire

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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