Cocktail Bar - Long Established - Hi Volume

Not Disclosed, CA
Los Angeles County


Asking Price: Annual Revenue:
$290,000 $660,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Cocktail Bar - Long Established - Hi Volume Broker: Agent on Duty
License #: 01995716

Quick Facts

Asking Price: $290,000
Annual Revenue: $660,000
Net Profit: Not Disclosed
Cash Flow: $180,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1975
Employees: 9
BBN Listing #: 855355232
Broker Reference #: 5057 NK

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Business Overview:

Listing # - 5057 NK

Cocktail bar, long established, hi income, extra income over $3,000/mo, no food service required.

Seller claims he spent $200,000+ recently to remodel.

Has small kitchen with hood and grill with new equipment.

Has outside patio serving drinks plus parking lot.

Seller owns the property and will write a favorable lease.

Major expense: rent- $3,500, labor-12,000, pouring cost-23%-13,000,work comp=$600, insurance-$400, utilities-$1,500.

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Reason for Selling:

Health

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.

Documents:

Relevant Links:

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