48 Bar with Kitchen

Not Disclosed, CA
Los Angeles County

Close to Norwalk/Downey

Asking Price: Annual Revenue:
$395,000 $240,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: 48 Bar with Kitchen Broker: Andre

Quick Facts

Asking Price: $395,000
Annual Revenue: $240,000
Net Profit: $60,000
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 3
BBN Listing #: 206549686
Broker Reference #: 3219

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Business Overview:

Established 48 bar with kitchen set up as a cocktail lounge. The owner owns multiple businesses and allows this bar to run absentee with very little oversight. This bar needs a new concept and a hands-on operator.
Business assets are ALL underutilized. Huge potential.

The business also only opens at night and is closed for 2 days out of the week.

Great for someone to make immediate changes and take advantage of everything this bar can offer.

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Property Features and Assets:

The bar has a kitchen that is fully equipped but is not being used. + Not enough signage in front to bring in new or drive-by customers. Starting with the location, layout, and operation. Very spacious. 2 exits, 1 small office, 3 bathrooms (1 specific for handicapped or women). 2 pool tables (alot of room to add more), 3 AC units. Good parking in front with a small enclosed smoking patio on the side of the bar for smoking.

Market Competition and Expansion:

Only 2 other bars in the area. No sports bars, great for someone to convert.

Reason for Selling:

Purchase Real Estate.

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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