Business For Sale

Bar 48 license.

Pasadena, CA
Los Angeles County

Pasadena/Glendale area. On Major street.

Asking Price: Annual Revenue:
$260,000 $490,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Bar 48 license. Broker: steve holzberg
License #: 00701006

Quick Facts

Asking Price: $260,000
Annual Revenue: $490,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1978
Employees: 6
BBN Listing #: 591430609
Broker Reference #: Not Disclosed

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Business Overview:

A great neighborhood bar / sports bar. Turnkey. ABC 48 license included. Bar is licensed for liquor, entertainment, dancing, and amusement. A nice atmosphere in an upscale area.
Fully equipped for you. 7 beers on tap, large bar, 7 TV's, pool table, juke box, ATM, D J booth. Also an office, storage rooms, 2 bathrooms and central A/C. A nice casual feel inside.
Bar established for 40 years. That's what you are looking for. Bar operated with 6 employees and 1 owner. If family run, think of the profit will make here.
CUP just renewed for next 10 years. Bars like this don't come up often. A rare opportunity for you.

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Property Features and Assets:

Approximately 1,700 square feet with over 40 seats. Additional storage room of approximately 500 square feet. Good lease of 1 year + two 5 year options. Rent of $5,600/month and CAM of $700/month. 20 off street parking available in the evenings, and street parking.

Market Competition and Expansion:

Open 3 PM - 2 AM daily. Earlier on Sundays during football season. If you open earlier daily, think of the extra income you will make.

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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