Business For Sale

Burbank Area Bar w/Liquor – Absentee w/No Food!

Burbank, CA
Los Angeles County


Asking Price: Annual Revenue:
$350,000 $373,859

Food & Beverage: Bars, Clubs, Nightspots


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RE: Burbank Area Bar w/Liquor – Absentee w/No Food! Broker: Ryan Clark

Quick Facts

Asking Price: $350,000
Annual Revenue: $373,859
Net Profit: Not Disclosed
Cash Flow: $94,995
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2008
Employees: 10
BBN Listing #: 11764929
Broker Reference #: SardBar

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Business Overview:

This Burbank / North Hollywood Arear bar with liquor boasts an attractive lease rate as well as a coveted Type 48 Liquor License that does not require food service! The venue is a quintessential neighborhood dive bar that is a very simple and straightforward operation. They do offer some entertainment and are reported to not have a conditional use permit (CUP) – which is preferred by most buyers.

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Property Features and Assets:

This 1,250 square foot bar leases for a remarkable $2,200 per month with 4.0% annual increases on a lease that expires in 2024. All of the business's furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Approximately $5,000 in inventory will be sold at cost and close in addition to purchase price.

Market Competition and Expansion:

While competition exists, this type of dive bar with liquor and no food service tends to cater to a local neighborhood client base and compete with other area venues on a limited basis. The venue is also known for its karaoke offering, which attracts customers from all over the San Fernando Valley and beyond. As with many small bars with Type 48 Licenses, this venue could benefit from a full-time working owner-operator who is sales oriented and can help ensure the highest average customer ticket size while providing stellar customer service. Naturally, the venue would save on wage expense and minimize any potential shrinkage in the process. With the recently closing of another popular venue with a similar entertainment offering, this bar stands to realize a slight revenue uptick.

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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