Echo Park Area Bar – Celebrated Location
Los Angeles, CA Los Angeles County
Request More Information Contact the Seller
- RE: Echo Park Area Bar – Celebrated Location
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $750,000 | |
| Annual Revenue: | $925,727 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $167,582 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $50,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1938 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 1018375 | |
| Broker Reference #: | MIRBAR |
Business Overview:
This Greater Echo Park area venue is celebrated for its diverse and welcoming and relaxed atmosphere, inviting setting, and vibrant nightlife scene that defines parallels both the area as well as its denizens.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
This 1,680 square foot venue leases for $10,712 per month, plus $488 insurance and $2,368 in annual property tax, on a secure long-term lease until 12/2030 with one 5 year option. All of the business’s furniture, fixtures, and equipment will be included in the sale. Approximately $10k in inventory will be sold at cost at close.
Market Competition and Expansion:
This establishment boasts a storied history that is baked into its DNA, and has resulted in a loyal following that has made it a favorite go-to establishment. Some neighborhood venues compete by capitalizing on the latest trends (e.g. whisky or craft beer), their food and entertainment offerings, or their themed nights, however this venue has remained a market leader while its competitors have come and gone over the decades.
This absentee operated bar can tremendously benefit from an onsite working owner with hospitality industry experience to simultaneously save costs while maximizing the customer service offering and ensuring attractive ticket sales. They can also continue to benefit from themed special events, themed and private parties, film rentals, and more of the same that have allowed the bar thrive through the years.
Reason for Selling:
Retirement. 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:
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
