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: Agent On
- License #: 1995716
Quick Facts
| Asking Price: | $675,000 | |
| Annual Revenue: | $720,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $109,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1995 | |
| Employees: | 11 | |
| BBN Listing #: | 944545 | |
| Broker Reference #: | 5460 NK |
Business Overview:
Listing # - 5460 NK
Cocktail bar, long established , Type 48 license, short hours
Nice area with low rent with 10 year lease - Has outside patio
Seller has spent $100,000 in capital improvements to improve the business
2 story facility with 2 pool tables, very spacious!
Major Expenses: Rent -$2,600, Pouring Cost 27% -$15,000, Labor -$10,500, Utilities -$900, Entertainment - $2,500, and Insurance - $450
Seller financing available to qualified buyer - Note Amount: $300,000 / 7% Rate / 48 Payments of $7,184
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Reason for Selling:
Wants Large Business
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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