North Long Beach Cocktail / Dive Bar w/Property

Long Beach, CA
Los Angeles County

North Lon g Beach


Asking Price: Annual Revenue:
$200,000 $540,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: North Long Beach Cocktail / Dive Bar w/Property Broker: Ryank Clark

Quick Facts

Asking Price: $200,000
Annual Revenue: $540,000
Net Profit: $120,000
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 8
BBN Listing #: 40534929
Broker Reference #: NLBar

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Business Overview:

This absentee operated North Long Beach bar with a Type 48 Liquor License represents the quintessential neighborhood cocktail bar sale. The property, with onsite parking and apartments, is being offered for $1.6 ml. (the property will not be sold without the business). The venue does not have a kitchen as food is not necessary. The popular neighborhood bar offers loyal patrons billiards, juke box and other forms of entertainment. The name will not be included in the sale.

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Property Features and Assets:

This 2,261 square foot freestanding venue is located on a 4,483 square foot corner lot. All of the business’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Approximately $5,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

This business may benefit from a full-time onsite owner-operator with hospitality industry experience. A customer service-oriented owner operator should not only ensure stellar customer service to help maximum revenues, but it should also minimize wage and other expenses.

Reason for Selling:

Personal

Additional Details:

  • The property is owned.
  • 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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