Beachfront Bar With Convenience Store
Not Disclosed, CA Los Angeles County
Seller's Contact Information
- RE: Beachfront Bar With Convenience Store
- Contact: Vinita Palaniveloo
Business Overview:
Housing a bar and convenience store under one roof is a unique concept that took the investor three years to get the city permits and licenses to create this turn-key business with unrivaled competition and a massive barrier to entry.Freshly renovated with massive upsides—high foot traffic, favorable lease terms, and a license to sell beer and wine from 6:00 a.m. to 12:00 a.m. The investor bought the beachfront bar in December 2020 and transformed it into a Las Vegas-style bar with a convenience store. The store started operation in February 2023 after the long and time-consuming process of obtaining a building renovation permit, business license, and beer and wine license from the city.
The high start-up costs or other obstacles prevent new competitors from quickly entering an industry or area of business. Barriers to entry are a massive upside for the buyers as they protect their revenues and profits and prevent others from stealing market share.
Fabulous beachfront convenience store in a busy area serving fresh coffee and a bar with beer and wine in Los Angeles County overlooking professional beach sports arena with events hosted around the year. This store is in a prime location next to the boardwalk and several short-time rentals with increased foot traffic attracting customers.
Included in the sale are furniture and fixtures worth $200,000, leasehold improvements worth $290,000, licenses worth $100,000 with a total asset value of $630,000
The buyer can increase the revenue by increasing the hours of operation. Seller financing is available at an attractive rate of 3% for qualified buyers with a 20% down payment.
The combination of bars and convenience stores is a rare find. A bar and convenience store is a successful combination, especially in areas with high foot traffic, tourist activity, or unique business concepts. Being situated by the seashore attracts tourists, beachgoers, and locals looking for a refreshing experience.
Property Features and Assets:
The investor bought the beachfront bar in December 2020 and transformed it into a Las Vegas-style bar with a convenience store.The store started operation in February 2023 after the long and time-consuming process of obtaining a building renovation permit, business license, and beer and wine license from the city. The high start-up costs or other obstacles prevent new competitors from quickly entering an industry or area of business. Barriers to entry are a massive upside for the buyers as they protect their revenues and profits and prevent others from stealing market share.Market Competition and Expansion:
The combination of bars and convenience stores is a rare find. Bars and convenience stores are typically separate entities due to local regulations, permits, and licensing requirements. This store has beat the odds of obtaining a license to operate both. You will buy a turn-key business with pristine renovation, licensed, established marketing, and operational since Feb 2023. A bar and convenience store is a successful combination, especially in areas with high foot traffic, tourist activity, or unique business concepts. Being situated by the seashore attracts tourists, beachgoers, and locals looking for a refreshing experience. This store is in a prime location next to boardwalk and several short-time rentals with increased foot traffic attracting customers.Reason for Selling:
Other interests.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
Relevant Links:
Opportunity Update!
Exciting update: Beachfront Bar With Convenience Store has a new owner due to high interest! More opportunities await. Explore our site for other listings or sign up here for email alerts. Find your perfect business opportunity today!
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