Business For Sale

Long Beach Bar with Liquor & Live Entertainment!

Long Beach, CA
Los Angeles County


Asking Price: Annual Revenue:
$275,000 $540,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Long Beach Bar with Liquor & Live Entertainment! Broker: Ryan Clark

Quick Facts

Asking Price: $275,000
Annual Revenue: $540,000
Net Profit: Not Disclosed
Cash Flow: $96,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 6
BBN Listing #: 78334929
Broker Reference #: TsuBar

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Business Overview:

This semi-absentee operated Long Beach bar with liquor and live entertainment boasts an onsite parking lot that can accommodate 20 vehicles as well as spacious outdoor patio. If you are looking for a modern, trendy, fly by night trendy chic hotspot to see and be seen in this may not be the venue of choice. If you want an established perennial earner that exudes no-frills charm and a lively atmosphere, this may be a fit. The bar has a 9 tap beer system, a walk-in cooler as well as a full-kitchen.

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Property Features and Assets:

The 2,100 square foot facility leases for $6,100 per month plus $400 in common area maintenance (CAM) expense on a lease until 2021 with a five year option. All of the facility’s furniture, fixtures, equipment and live entertainment permit and Type 47 Liquor license will be included in the sale, with the exception of the leased point of sale system and the juke box and video games that are on a profit sharing agreement. $3,000 - $5,000 in liquor inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While alternate drinking and revelry options exist, this neighborhood establishment is a favorite amongst its loyal patrons for its convivial atmosphere, music and much celebrated karaoke nights that competitors may find difficult to match! While the venue seems to have found its stride with this bar and entertainment options, the venue could potentially benefit from a full-time onsite owner operator who is familiar with the bar business and may thereby minimize staffing, spill and other expenses. Even more potential exist for an operator who can capitalize on the venue’s kitchen and can turn this into a significant profit center!

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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