Glendale / Eagle Rock Area Bar - Semi-Absentee
Glendale, CA Los Angeles County
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- RE: Glendale / Eagle Rock Area Bar - Semi-Absentee
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $350,000 | |
| Annual Revenue: | $424,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $61,300 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1963 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 996407 | |
| Broker Reference #: | GLEBAR2 |
Business Overview:
This semi-absentee operated Glendale / Eagle Rock area Type 48 Bar is in a prominent main street location with stellar street visibility. The venue is a local favorite watering hole for neighborhood patrons and visitors alike. The 15+ seat bar has plenty of bar and interior seating for patrons, a 20 beer tap system as well as a pool table, and masterful selection of mixologist crafted cocktails that have been inspired by the classics.
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Property Features and Assets:
This 1,596 square foot venue, which leases for $7k per month plus $1.2k/month in common area maintenance expense (CAM), is on secure long-term lease until 11/30/29 with options to be determined. All of the business’s furniture, fixtures, equipment (including pool tables) and Type 48 liquor license will be included. Approximately $5k in inventory will be sold at cost at close.
Market Competition and Expansion:
This popular venue is a neighborhood favorite for drinks and socializing in a fun, welcoming environment. On top of its drink offerings and convivial atmosphere, the bar’s location, drink selection, ambiance and creative music offerings all help contribute to creating its loyal client base.
This venue boasts a customer-friendly demeanor that establishes a patron friendly vibe that exudes character. New management will likely want to carry the torch forward in the same manner that management has continued to cultivate.
Reason for Selling:
Retirement. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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