Type 48 Cocktail Bar with Kitchen

Not Disclosed, CA
Los Angeles County


Asking Price: Annual Revenue:
$395,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Type 48 Cocktail Bar with Kitchen Broker: Andre

Quick Facts

Asking Price: $395,000
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: 2020
Employees: 6
BBN Listing #: 281149686
Broker Reference #: 3096

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Business Overview:

Corner end unit on busy street, Established location, but this seller took over 2 years ago.Clean & neat bar, small kitchen with hood,, grill, fryer, 4 burner stove & 2 ovens, reach in cooler & freezer. 8 seat bar with new ice machine, bar gun, 4 tap kegerator,. The bar is clean & neat, looks really nice inside. New roof & new AC unit. Small stage for entertainer, comedy, etc. 8 large flat screens for sports. Great sound system.16 color camera security system monitors the action.Sales were building. Lots of traffic, neighborhoods next door & commercial. The place has a lot of potential for a hands on operator. Seller is landlord & is a bar owner for decades. He will train for 1 month at COE & be around if buyer needs more help or question s. (He wants his tenant to be successful). Knowledgeable & nice seller. Must see.

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Property Features and Assets:

1,500 square feet, type 48 with kitchen. good lease & terms. 5 years + 5 year option.

Market Competition and Expansion:

this place was growing fast & hard. Seller remodeled it early 2020. neat & clean. new bar with nice furnishings & equipment. Keep the concept or bring your own. Hot kitchen with hood. Type 48 license in a busy area. As needed. Seller is landlord & will be available as needed short or long term.

Reason for Selling:

Retiring

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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