Glendale – Semi-Absentee W/No Food Requirement!
Glendale, CA Los Angeles County
Seller's Contact Information
- RE: Glendale – Semi-Absentee W/No Food Requirement!
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $395,000 | |
| Annual Revenue: | $600,000 | |
| Net Profit: | $100,000 | |
| Cash Flow: | $156,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1963 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 85694929 | |
| Broker Reference #: | METALB |
Business Overview:
This semi-absentee operated Glendale / Eagle Rock area Type 48 Bar is in a prominent main street location with stellar street visibility. The venue is a local favorite watering hole for neighborhood patrons and visitors alike. The 15 seat bar has plenty of bar and interior seating for patrons, a 20 beer tap system as well as a pool table, and masterful selection of mixologist crafted cocktails that have been inspired by the classics.
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Property Features and Assets:
This 2,000 square foot venue, which leases for $7,000 per month including common area maintenance expense (CAM), is on secure long-term lease with options to be determined. All of the business’s furniture, fixtures, equipment (including pool tables) and Type 48 liquor license will be included. Approximately $5,000 in inventory will be sold at cost at close.
Market Competition and Expansion:
This venue boasts a customer-friendly demeanor that help create its authenticity and overall entertainment vibe. New management will likely want to carry the torch forward in the same manner that management has introduced and continued to cultivate. This popular venue is a neighborhood favorite for drinks and socializing in a fun, welcoming atmosphere. On top of its drink offerings and convivial atmosphere, the bar’s location, drink selection, ambiance creating music offering all help to contribute to creating its loyal client base.
Reason for Selling:
Personal
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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