REDONDO BEACH, California
| Asking Price |
$199,000 |
Year Established |
1984 |
|
| Annual Revenue |
$252,000 |
Reason for Selling |
Shift of focus to alternate concepts |
|
| Annual P/L |
$0 |
Attention |
Ryan Clark |
|
| Annual Cash Flow |
$0 |
Listing Number |
1017921 |
|
| # of Employees |
4 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
This cozy South Bay dive bar provides its patrons a relaxed, friendly atmosphere. The venue boasts excellent freeway access, is adjacent to a popular business that attracts customers, and has a large management office. This quintessential dive bar offers affordable drinks, billiards, sports event viewing and a classic pub like experience.
Property Features and Assets:
<p>This venue is comprised of a 1,200 square foot structure including a spacious 400 square foot (approx.) management office that will lease for $4.5k per month, on a new 5 year lease with one 5 year option. The sale includes all of the business’s furniture, fixtures, equipment, and liquor license. An estimated $5k in inventory will be sold at cost at close in addition to purchase price.</p><p> </p>
Market Competition and Expansion:
<p>This bar enjoys a largely local client base comprised of patrons that work or reside in the area, or those who visit a large nearby sporting facility. The venue’s main street throughway and freeway access provide it stellar access and main street visibility – which are further complimented by 2 busy neighboring businesses.</p><p> </p><p>This absentee run venue can benefit from an onsite working owner-operator with hospitality experience that can provide friendly customer service and ensure strong sales.</p><p> </p><p> </p>
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