Cocktail Bar - Type 48 License - Low Rent
Not Disclosed, CA Los Angeles County
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- RE: Cocktail Bar - Type 48 License - Low Rent
- Contact: Neil Kaplan
- License #: 1995716
Quick Facts
| Asking Price: | $350,000 | |
| Annual Revenue: | $540,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $72,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1995 | |
| Employees: | 11 | |
| BBN Listing #: | 944545 | |
| Broker Reference #: | 5629 NK |
Business Overview:
A profitable, well-established cocktail bar is now available for purchase in a highly desirable area known for strong foot traffic and excellent neighborhood visibility. The bar holds a rare Type 48 liquor license and comes with a favorable 10-year lease, including two years at a fixed low rent of just $2,600 per month and an additional five-year extension at the same rate. There are no NNN (triple net) charges, making this an especially cost-effective opportunity.
The inviting two-story space features a warm, modern interior, a spacious outdoor patio, and entertainment amenities including two pool tables and a newly upgraded Matrix audio system. The current owner has invested over $100,000 in capital improvements, creating a turnkey operation ready for a new owner. With limited operating hours, the business is ideal for a lifestyle buyer or an operator looking to expand existing holdings. It is easily manageable, with the seller currently working only limited hours.
Financially, the bar is well-positioned, with monthly expenses including labor at $10,500, pouring costs averaging 25% of sales ($15,000), utilities at $900, entertainment at $2,500, and insurance at $450.
The established customer base, combined with strong social media presence and positive reviews, supports consistent traffic and revenue. Seller financing is available with 50% down, making this a rare opportunity for an owner-operator, mixologist, or investor seeking a streamlined entry into the bar business.
Listing: 5629 NK
Contact the Seller:
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Reason for Selling:
Wants Large Business. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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