Business For Sale

Echo Park Area Beer & Wine Market with Onsite Bar!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$225,000 $831,544

Food & Beverage: Bars, Clubs, Nightspots


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RE: Echo Park Area Beer & Wine Market with Onsite Bar! Broker: Ryan Clark

Quick Facts

Asking Price: $225,000
Annual Revenue: $831,544
Net Profit: Not Disclosed
Cash Flow: $165,703
Total Debt: Not Disclosed
FF&E: $40,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 5
BBN Listing #: 12694929
Broker Reference #: OiBeer

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Business Overview:

This Echo Park Area beer and wine market boasts an unparalleled wine and beer selection, which is accompanied by a convenient fully build-out onsite bar complemented with an outdoor patio. The concept-drive enterprise has the selection, knowledgeable staff and the licensing in place to cater to its discerning client base.

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Property Features and Assets:

The 2,200 square foot venue leases for $8,391 per month including common area maintenance (CAM) expenses on a 5 year lease that expires 10/31/19 with one 5 year option. All of the business’s furniture, fixture, equipment and Type 20 and 42 beer and wine license will be included in the sale, while a new Type 58 Catering permit can be applied for. Approximately $25,000 in retain inventory will be sold at cost at close in addition to purchase price. While the facility does have a grease trap, it does not have a hood or a duct for one as they are not required to serve food.

Market Competition and Expansion:

While limited retail competition exists in the traditional beer and wine marketplace, and to a lesser degree in liquor store space, this concept is unmatched in the area. The venue’s onsite bar and outdoor patio, coupled with the offsite sales license, puts the business in a category of its own. New operators will likely want to relaunch this highly attractive market and beer and wine bar with a revitalized name and slightly elaborated offering to suit their concept. They may also curate beer and wine selection to suit their taste. Alternately, they may also want to evaluate the launch of food offerings that do not require a hood, or even consider the addition of a self-contained electric hood to potentially implement food pairing events or via a regular offering. Given the venue’s ease of access and captive loyal client following – this venue may be taken in any number of directions.

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 may become a franchise resale opportunity.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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