Norwalk Area Bar with Liquor & No Food Required!

Norwalk, CA
Los Angeles County


Asking Price: Annual Revenue:
$325,000 $630,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Norwalk Area Bar with Liquor & No Food Required! Broker: Ryan Clark

Quick Facts

Asking Price: $325,000
Annual Revenue: $630,000
Net Profit: Not Disclosed
Cash Flow: $186,544
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 6
BBN Listing #: 37224929
Broker Reference #: TLBar

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Business Overview:

This well-established South Los Angeles County / Norwalk area dive bar with liquor and no food requirement boasts a customer-embraced concept, a fun-loving atmosphere and an attractive and vivacious wait staff. The converted tavern style venue has roughly 20 beers on tap, televisions, darts and much more.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

This 2,000 square foot location with its own parking lot leases for $3,000 per month on a lease until 2020 with one 5 year option. The sale includes all of the business’s furniture, fixtures and equipment as well as a Type 48 liquor license. The darts, games, ATM, juke box are not be owned and are on revenue share agreements.

Market Competition and Expansion:

This bar has been a neighborhood favorite with a loyal group of patrons for over 20 years. While competition exists, this venue’s prime location on a major thoroughfare offers guests convenient access, parking and a feel-good vibe and ambiance. The venue has been a consistent earner. As a result the owner has a ‘if it’s not broken, don’t fix it’ management strategy. As such, several avenues for growth may exist, but modifications should likely be implemented by a full-time working owner operator.

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is not 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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