Long Beach / Belmont Area Bar – Semi-Absentee

Long Beach, CA
Los Angeles County


Asking Price: Annual Revenue:
$325,000 $504,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Long Beach / Belmont Area Bar – Semi-Absentee Broker: Ryan Clark

Quick Facts

Asking Price: $325,000
Annual Revenue: $504,000
Net Profit: $78,000
Cash Flow: $78,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2000
Employees: 6
BBN Listing #: 38674929
Broker Reference #: Lipbar

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Business Overview:

This semi-absentee operated Long Beach / Greater Belmont Shore area bar boasts a Type 48 Liquor License, meaning that they don’t need a kitchen or to serve food. The neighborhood venue has a popular walk-in crowd from the adjacent residential community, but also benefits from it convenient street accessibility. Patrons enjoy the extensive tap system, coupled with the convivial bar atmosphere to view sports or play billiards, jukebox and more.

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Property Features and Assets:

This 1,800 square foot venue, which leases for $4k/month including common area maintenance expense (CAM), is on a 5-year lease with two five-year options. All of the business’s furniture, fixtures, equipment and liquor license will be included. Approximately $2,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

This venue is in a popular neighborhood for drinks and socializing. On top of its drink offering and atmosphere, its location makes it a customer embraced neighborhood watering hole! As the venue is nearly entirely absentee operated, the bar could stand to benefit from an experienced onsite owner-operator with industry experience, a customer friendly demeanor and a mindset geared toward maximizing the operation’s revenues while minimizing its labor and other expenses. Industry veterans may introduce additional events, specials, offerings as well as cost saving measures to bolster revenues and profits.

Reason for Selling:

Personal/Retirement.

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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