Lakewood Area Cocktail /Dive Bar–Absentee Operated

Business Overview:

A lively Lakewood area neighborhood hangout, this local bar offers a relaxed yet energetic atmosphere with live entertainment permitted 7 nights per week for DJ an karaoke.DJ nights, karaoke, live bands, and big-screen sports. Known for its tap beer selection, quality wines and spirits, and generous happy-hour specials -including all-day deals on select days - it’s a favorite spot for everything from casual weeknight drinks to high-energy weekend events. Open late and blending dive-bar comfort with stylish touches, it draws a loyal crowd for its welcoming vibe and nonstop entertainment.

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Property Features and Assets:

This 2,278 SF location will lease for $5,000 per month on a new 5 year lease with one 5 year option to extend. All of the venue’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. An estimated $3k in inventory will be sold at cost at close in addition to purchase price. The venue boasts a recent $350k remodel, with full plumbing and electrical being renovated down to the studs. The facility owns its pool table and ice machine, and has a walk-in keg cooler, 16 beers on tap, 9 flat screen TVs, 7 high top tables and 2 booths. The juke box is on a 50% split.

Currently absentee owner. Could benefit from hands on owner and expanding hours.

Market Competition and Expansion:

Nearby venues often attract patrons with themed nights, pool tables, and late-night hours, appealing to the same crowd looking for a laid-back yet social atmosphere. However, many competitors lack the combination of consistently rotating events, upscale touches, and wide drink selections, giving this spot an edge in standing out within a densely packed bar scene. 

As the venue is absentee operated, it could benefit from a hands on owner-operator with hospitality industry experience, and potentially, extended hours. The bar’s strong following for its energetic nightlife, themed entertainment, and diverse drink selection opens up multiple avenues for growth -ranging from hosting larger-scale events to expanding hours or partnering with local brands and artists. With its distinctive vibe and loyal crowd appeal, the venue is well-positioned to tap into the area’s dynamic, socially driven clientele and evolving nightlife trends.

Reason for Selling:

Personal. Kindly ask the seller for more information.

Additional Details:

Documents:

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