Highly Profitable Los Angeles Bar & Lounge!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$2,200,000 $1,937,676

Food & Beverage: Bars, Clubs, Nightspots


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RE: Highly Profitable Los Angeles Bar & Lounge! Broker: Ryan Clark

Quick Facts

Asking Price: $2,200,000
Annual Revenue: $1,937,676
Net Profit: Not Disclosed
Cash Flow: $700,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: Not Disclosed
BBN Listing #: 36924929
Broker Reference #: SoHoBar

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Business Overview:

This highly profitable bar and cocktail lounge provides patrons a traditional and classy ambiance that is reminiscent of a classic New York City higher-end tavern. The well-established premise may be ideal for that buyer who wants a relatively low maintenance, high margin venue with the simplicity that bar-only operations provide.

The 2,236 square foot venue leases for approximately $12,114 per month on a lease until January 2021 with one 5 year option. All of the business's furniture, fixtures, equipment, goodwill and Type 48 Liquor Licenses will be included in the sale. $10,000 in liquor inventory will be sold at cost at close.

Training: 2 Weeks at 20 hrs/wk

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Property Features and Assets:

While there are several competing bar and entertainment venues in the area, this one is and has been an established earner for some time and its success has continued through good and bad economies as well as the area’s demographic shifts, regardless of what the local competitive set of choices looked like.

Market Competition and Expansion:

The venue could benefit from a seasoned bar owner or an active owner-operator who can help to provide stellar customer service, ensure the highest possible average ticket sale and help to instill the ambiance and energy they envision for the venue.

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.

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