Cocktail Lounge in Friendly LGBTQ Community

Not Disclosed, CA
Riverside County

Asking Price: Annual Revenue:
$259,999 $338,841

Food & Beverage: Bars, Clubs, Nightspots

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RE: Cocktail Lounge in Friendly LGBTQ Community Broker: LeeAnn Schumacher

Quick Facts

Asking Price: $259,999
Annual Revenue: $338,841
Net Profit: Not Disclosed
Cash Flow: $109,726
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 5
BBN Listing #: 705355367
Broker Reference #: 86808-850562

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Business Overview:

Since 2009, this establishment has been an LGBTQ destination for great drinks, good friends, and quality entertainment. With its warm, welcoming atmosphere, it’s a great place to meet your friends for conversation, have a first date, or meet new people. Featuring weekly live performances, karaoke and other special events, the full calendar will keep you entertained. 48 liquor license, craft cocktail bar, and cabaret lounge. 1,600 square feet includes spectacular outdoor patio, 150 person capacity and piano. Conveniently located on a major highway with ample parking, this is a must see. Call for details.

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Property Features and Assets:

In early January 2019, current owner purchased the business to fulfill a long-time dream of owning a bar. He knew that living in the Bay Area and owning a bar in Coachella Valley would be a challenge, but could see that this establishment had so much potential. This particular area is growing and more businesses are opening, such as a new casino, outdoor amphitheatre, a growing community, etc. Of all the local bars, this has the largest parking lot, the nicest patio, the classiest space, and is a very comfortable and welcoming bar. It was exactly the type of bar the owner loved to hang out in, and knowing that he and his partner would retire in the Palm Springs area in the future, it was an opportunity he could not pass up. Owner came in with big plans to upgrade the patio, introduce a cocktail menu, expand the hours, offer a larger variety of entertainment, have music videos and DJs, and improve the lighting and other decor changes to make the bar even more welcoming and fun than it is now. But as the year went on, his work in San Francisco took up more and more of his time. He found myself distracted and unavailable to give the bar attention. A beloved bar like this deserves a new owner who can bring their vision to realize its full potential.

Reason for Selling:

New venture.

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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