Echo Park Area Bar – Celebrated Location

LOS ANGELES, California

Asking Price	$750,000	Year Established	1938
Annual Revenue	$925,727	Reason for Selling	Retirement
Annual P/L	$0	Attention	Ryan Clark
Annual Cash Flow	$167,582	Listing Number	1018375
# of Employees		Business Category	Food & Beverage: Bars, Clubs, Nightspots

Business Overview:

This Greater Echo Park area venue is celebrated for its diverse and welcoming and relaxed atmosphere, inviting setting, and vibrant nightlife scene that defines parallels both the area as well as its denizens.

Property Features and Assets:

<p>This 1,680 square foot venue leases for $10,712 per month, plus $488 insurance and $2,368 in annual property tax, on a secure long-term lease until 12/2030 with one 5 year option. All of the business’s furniture, fixtures, and equipment will be included in the sale. Approximately $10k in inventory will be sold at cost at close.</p><p> </p>

Market Competition and Expansion:

<p>This establishment boasts a storied history that is baked into its DNA, and has resulted in a loyal following that has made it a favorite go-to establishment. Some neighborhood venues compete by capitalizing on the latest trends (e.g. whisky or craft beer), their food and entertainment offerings, or their themed nights, however this venue has remained a market leader while its competitors have come and gone over the decades.</p><p> </p><p>This absentee operated bar can tremendously benefit from an onsite working owner with hospitality industry experience to simultaneously save costs while maximizing the customer service offering and ensuring attractive ticket sales. They can also continue to benefit from themed special events, themed and private parties, film rentals, and more of the same that have allowed the bar thrive through the years. </p><p> </p><p> </p>

Additional Details: