Lakewood Area Bar & Grill w/Liquor – w/Buildout

Lakewood, CA
Los Angeles County


Asking Price: Annual Revenue:
$475,000 $1,112,410

Food & Beverage: Bars, Clubs, Nightspots


Request More Information
Contact the Seller

RE: Lakewood Area Bar & Grill w/Liquor – w/Buildout Broker: Ryan Clark

Quick Facts

Asking Price: $475,000
Annual Revenue: $1,112,410
Net Profit: $165,406
Cash Flow: $165,406
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1980
Employees: 19
BBN Listing #: 31174929
Broker Reference #: OGregs

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

The Lakewood area bar and grill with liquor, which boasts a first-class buildout with no shortage of upgrades, is located in an increasing popular area that is undergoing a transformation due to its bustling job market and reinvigorated population base. In its recent remodel, the venue became fully Americans Disabilities Act (ADA) compliant bar and grill has two new 5 ton air conditioning units, updated plumbing, electrical and much more!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The 3,500 square foot venue (plus patio) leases for $7,000 per month on a lease until 2016 with one 5-year options. All the business’s furniture, fixture, equipment, Type 47 Liquor License and goodwill be included in the sale. The billiards tables are owned, while the juke box, ATM machine and video games are on a 50% revenue share. Approximately $5,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

As the greater Lakewood, Bellflower and adjacent Long Beach areas continues to prosper, new competition has entered the market while existing bar and entertainment venues have stepped up their game. This venue seems to be the right place at the right time, positioned to grow if management can build-upon the loyal client base comprising of neighborhood denizens, local staffers and area commuters. The venue can benefit from a full-time working owner-operator with hospitality experience to help ensure top notch customer service, while minimizing potential waste and minimizing wage expenses. This establishment can also continue to capitalize on sports and other events, holiday parties and celebrations and establish itself as the ‘go to’ neighborhood place for such festivities.

Reason for Selling:

Personal

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!