Atwater Village Area Cocktail Bar with Property!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$1,800,000 $480,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Atwater Village Area Cocktail Bar with Property! Broker: Ryan Clark

Quick Facts

Asking Price: $1,800,000
Annual Revenue: $480,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 9
BBN Listing #: 11424929
Broker Reference #: Skater

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Business Overview:

This semi-absentee operated Atwater Village area cocktail bar with a Type 48 License does not have a food requirement but boasts a kitchen as well as live entertainment and onsite parking, with the property included in the sale. The venue is in an area that hosts a few popular dining and entertainment options, which create an organic custom draw. The owners have an estimated $2.5 ml invested into the project.

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Property Features and Assets:

This quaint 1,728 – 2,000 square foot freestanding venue pays itself $8,900 per month in lease / mortgage expense. All of the business’s furniture, fixtures, equipment, Type 48 Liquor license and event and entertainment permits should transfer in the sale. Approximately $15,000 in inventory will be sold at cost at close. The business enterprise will be included in the property sale.

Market Competition and Expansion:

Although a few hospitality and entertainment venues exists in the immediate vicinity (i.e. across the street), each has a very different focus and target market. The largest is a first class food and beer oriented venue while another caters to the adult entertainment crowd and does not serve alcohol. As a result, both are considered to be highly complementary ‘competitors’ that bring patrons to the area but provide a different service offering. This business could tremendously benefit from a full-time onsite working owner with hospitality industry experience. New operators that fit this description will likely wish to capitalize on the venue’s coveted entitlement attributes without the typical operating restrictions and invest in creating a loyal customer base that provides stable revenues.

Reason for Selling:

Personal

Additional Details:

  • The property is owned.
  • The owner is not 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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