Torrance Area Beer & Wine Dive Bar w/Smoking Patio

Torrance, CA
Los Angeles County


Asking Price: Annual Revenue:
$120,000 $315,698

Food & Beverage: Bars, Clubs, Nightspots


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RE: Torrance Area Beer & Wine Dive Bar w/Smoking Patio Broker: Ryan Clark

Quick Facts

Asking Price: $120,000
Annual Revenue: $315,698
Net Profit: Not Disclosed
Cash Flow: $30,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1960
Employees: 6
BBN Listing #: 64984929
Broker Reference #: LomBeer2

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Business Overview:

This Torrance Area beer and wine combination hipster / dive bar is a great local sports bar during the day and a uniquely eclectic place with live bands and DJ’s at night. The free standing bar boasts an enclosed smoking patio that patrons may consume alcohol on. This historically profitable venue presents the aspiring bar owner the type of opportunity that many desire but can rarely find. That is, a “local favorite” place with historical goodwill that is simple to run, easily manageable, has growth potential and offers live entertainment without a food service requirement. What’s more, this bar offers a buyer one of the most valuable assets of all – a high percentage of cash in the operation coupled with an agreeable, buyer friendly landlord who seeks to have a successful long-term tenant. The bar, with an indoor and outdoor patio, has a 100 plus person occupancy and offers patrons billiards, video games, live, DJ or recorded music and television.

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Property Features and Assets:

The 1,500 square foot beer and wine bar with a smoking patio has a parking lot, storage area, two restrooms and a manager’s office. The facility leases for $6,000 per month on a long-term lease with reasonable tenant friendly increases anticipated on a long-term lease or its option periods. The facility has a 15 foot by 11 foot bar, as well as a large walk-in refrigerator / cooler and two billiards tables.

Market Competition and Expansion:

The local neighborhood bar market in the South Bay and its surrounds tends to be more stable than the more seasonal beachside tourist oriented venues. This location was historically a stable earner that enjoyed a loyal local, cash-paying patronage. This venue had been an earner since the 1960s. With the exception of working there themselves, a buyer may implement the former concept with any major venue modifications. Opportunities for increased profitability include the implementation of food service, promotions, which may include more frequent concert and event (boxing, UFC fights, sports, etc.) offerings, or special celebrations (larger Cinco de Mayo, St. Patrick’s Day, etc. events). Historically, the bar’s simplicity and ‘local’ entertainment mix had provided it a recipe for continued success – but room for growth still exists!

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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