Santa Monica Beer & Wine Bar With No Food Required

Business Overview:

This Santa Monica nightlife venue is known for its eclectic atmosphere, and bohemian crowd comprised of neighborhood denizens, students, and area revelers. The venue has managed to create an appealing casual beer and wine bar vibe with a stylish, modern edge, making it a popular destination for social gatherings, casual nights out, and weekend outings.

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Property Features and Assets:

The 1,200 square foot facility is operating with a rent of $4,900 per month including triple net (NNN), on a lease until 12/2028 with options to be negotiated in a sale. The sale includes all the facility’s furniture, fixtures and equipment, as well as the type 42 beer and wine license. An inventory of $5k at cost at close.

Market Competition and Expansion:

Due to this bar’s focus on quality drinks in a warm, welcoming, friendly environment, and catering to their neighborhood customer base, the venue has become the go to establishment that’s a local favorite for area residents.

The Santa Monica bar market is divided into 4 distinct categories. There is the Main Street Santa Monica market, the 3^rd Street Promenade / Montana market, the East Santa Monica / Brentwood market, and the Santa Monica City College market.

The venue would greatly benefit from an experienced, customer service–driven owner-operator that works at the absentee managed venue. Such a party will not only stand to save on the majority of payroll the $46k in labor costs, but they can also ensure stellar customer service and maximum revenue sales. Management can take advantage of the venue’s newly installed audio-visual system to host sporting events and holiday parties, and may explore using the space for private parties, karaoke or comedy (with entertainment permits), or for daytime use. They may also consider the addition of beer and wine tasting events, or offering limited food service that does not require a hood.

The business is supported by a strong social media presence with over 13.5k engaged local followers, established collaboration with a nearby restaurant for seamless food ordering and catering, and scalable event and marketing concepts that offer significant potential for future growth and brand expansion.

Reason for Selling:

Personal. Kindly ask the seller for more information.

Additional Details:

Documents:

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