Long Beach Area Bar With Dance And Entertainment
Long Beach, CA Los Angeles County
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- RE: Long Beach Area Bar With Dance And Entertainment
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $275,000 | |
| Annual Revenue: | $631,735 | |
| Net Profit: | $122 | |
| Cash Flow: | $122,262 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1977 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 28654929 | |
| Broker Reference #: | LBLGBT |
Business Overview:
The Long Beach Area bar caters to a diverse community with a host of near nightly events that include karaoke, shows and dancing. The venue boasts a stellar location with excellent visibility, parking, an outdoor patio and dance, the coveted entertainment, dance and cabaret entitlements, amongst others. Though the business is not required to serve food, it does possess the ability to provide some basic food options and a variety of snacks to help keep patrons fueled through the night.
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Property Features and Assets:
The 6,700 square foot venue (plus patio) leases for $9,776 per month including triple net (NNN) expenses and parking, on a lease until 2028 with one 5-year option. All the business’s furniture, fixture, equipment, goodwill, Type 48 Liquor License and additional associated licenses and permits will be included in the sale. The billiards tables, juke box and video games are not owned, however are on an attractive revenue share. ATM machine receives $1 per transaction. Approximately $5,000 in inventory will be sold at cost at close in addition to purchase price.
Market Competition and Expansion:
While the greater Long Beach area hosts a variety of bars catering to a similar client base, few have the type of comprehensive offering that this venue posses. As a result of their ultra-convenient location with excellent freeway access, the variety of offerings they provide between several distinct and superbly appointed areas, and the breath of their entitlements, this business is a significant and sustainable long-term advantage over competitors that is difficult to compete with or replicate.
Reason for Selling:
Retirement
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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