NOT DISCLOSED, California
| Asking Price |
$350,000 |
Year Established |
1995 |
|
| Annual Revenue |
$600,000 |
Reason for Selling |
Wants Large Business |
|
| Annual P/L |
$0 |
Attention |
Neil Kaplan |
|
| Annual Cash Flow |
$72,000 |
Listing Number |
944545 |
|
| # of Employees |
11 |
Business Category |
Food & Beverage: Bars, Clubs, Nightspots |
|
Business Overview:
A profitable, well-established cocktail bar is now available for purchase in a highly desirable area known for strong foot traffic and excellent neighborhood visibility. The bar holds a rare Type 48 liquor license and comes with a favorable 10-year lease, including two years at a fixed low rent of just $2,600 per month and an additional five-year extension at the same rate. There are no NNN (triple net) charges, making this an especially cost-effective opportunity.
The inviting two-story space features a warm, modern interior, a spacious outdoor patio, and entertainment amenities including two pool tables and a newly upgraded Matrix audio system. The current owner has invested over $100,000 in capital improvements, creating a turnkey operation ready for a new owner. With limited operating hours, the business is ideal for a lifestyle buyer or an operator looking to expand existing holdings. It is easily manageable, with the seller currently working only limited hours.
Financially, the bar is well-positioned, with monthly expenses including labor at $10,500, pouring costs averaging 25% of sales ($15,000), utilities at $900, entertainment at $2,500, and insurance at $450.
The established customer base, combined with strong social media presence and positive reviews, supports consistent traffic and revenue. Seller financing is available with 50% down, making this a rare opportunity for an owner-operator, mixologist, or investor seeking a streamlined entry into the bar business.
Listing: 5629 NK
Property Features and Assets:
Market Competition and Expansion:
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