Business For Sale

Pasadena Area Bar w/Live Entertainment!

Pasadena, CA
Los Angeles County


Asking Price: Annual Revenue:
$450,000 $591,331

Food & Beverage: Bars, Clubs, Nightspots


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RE: Pasadena Area Bar w/Live Entertainment! Broker: Ryan Clark

Quick Facts

Asking Price: $450,000
Annual Revenue: $591,331
Net Profit: Not Disclosed
Cash Flow: $145,377
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2003
Employees: Not Disclosed
BBN Listing #: 24774929
Broker Reference #: RockBar

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Business Overview:

This greater Pasadena are bar is one of Los Angeles’s most celebrated venues for its raucous juke box driven indie-alternative-rock music and occasional live entertainment, customer embraced revelry and popular patio. The bar boasts a coveted long term lease at an attractive rate in one of the most desired locations in the city, with onsite parking. No food is required and it is reported to not have a conditional use permit!

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

This 1,500 square foot restaurant leases for $4,820 per month on a stellar lease that does not expire until 2028 with 2 potential 5-year options. All of the business's furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Approximately $10,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

This venue has few direct competitors within Los Angeles and certainly stands out in its community as it is reported to be the only venue in the area entitled to serve until 2 am, have no food service required, but offer live entertainment and a patio! New operators will likely prefer to keep operating the venue ‘as is’. They could add noticeable signage and engage in heavy advertising and marketing, or turn down the juke box, but why do so if it may take away from the premise’s enviable charm and unmistakable character? Since it is absentee operated it may benefit from a full-time working owner (depending on who), but why fix something that’s not broken?

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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