Long Beach Bar w/Type 48 License-No Food Required!

Long Beach, CA
Los Angeles County


Asking Price: Annual Revenue:
$295,000 $189,960

Food & Beverage: Bars, Clubs, Nightspots


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RE: Long Beach Bar w/Type 48 License-No Food Required! Broker: Ryan Clark

Quick Facts

Asking Price: $295,000
Annual Revenue: $189,960
Net Profit: Not Disclosed
Cash Flow: $50,855
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 5
BBN Listing #: 48714929
Broker Reference #: LBCBY

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Business Overview:

This Long Beach cocktail bar boasts a sought after Type 48 Liquor License, which does not necessitate food service, and ideal rent at approximately $1.35 per square foot. Unlike many cocktail bars, this venue is remarkably clean and is operating under a new conditional use permit as opposed to a grandfathered one.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

This 1,000 square foot facility leases for $1,350 per month on a lease that terminates on March 31st 2024 with 1 five year option. All of the business’s furniture, fixtures, equipment and Type 48 liquor license will be included in the sale. Approximately $3,000 in liquor inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

Long Beach has historically been a popular destination for cocktail bars. As a result of the city’s licensing and the popularity of these types of venues, competition naturally exists. With the said, may locations may come with historical license infractions or other attributes, which may or may not be desirable. This venue has a clean slate and highly attractive rent. New management may take this opportunity in any number of directions, given its favorable licensing entitlements and attractive rate under a secure long term lease.

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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