48 sports bar with live music

Not Disclosed, CA
Los Angeles County

Asking Price: Annual Revenue:
$380,000 Not Disclosed

Food & Beverage: Liquor Stores

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RE: 48 sports bar with live music Broker: California Business Ventures

Quick Facts

Asking Price: $380,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2019
Employees: 5
BBN Listing #: 548257440
Broker Reference #: 3028

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Business Overview:

Recently remodeled with over $130,000 in upgrades. Previously a night club for over 30 years. Now the business is a Sports Bar with Entertainment. Entertainment permit with live music and dancing, type 48 license, grandfathered for cover charge. Live bands perform every weekend. They charge a cover fee every time a band is playing. Prices change depending on the band. Cover charge income usually pays for the bands to perform. Majority of money is made from the alcohol sales.
Very popular for live music and dancing as well as private parties. Open floor plan with stage and large dance floor, separate DJ booth. Huge sign on the roof with great visibility at night. Access from main street and side street behind the bar.

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Property Features and Assets:

Recently remodeled with small office and storage. Good parking.

Market Competition and Expansion:

No nearby competition with live music. Promotion of bands have been drawing a good crowd that has helped sales. Business has just recently started to see increases in sales, this can continue under a new operator.

Reason for Selling:

Partnership split.

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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