South Bay Area Sports Bar With Liquor And Parking For Sale

Business description

This South Bay area sports bar, which is east of the 405, has a liquor license and parking lot. Also, while it does not have to serve food it does boast a small kitchen with a hood over its stove / oven. The well established venue has been a favorite for sports tournaments, billiards and its quintessential dive bar atmosphere not only with locals but also with tournament participants and fans from all over the greater Los Angeles area.

Property information

Real Estate:

Lease

Lease terms:

This 1,800 square foot facility with 30 shared parking spaces leases for $3,700 per month on a lease until September 2015 with options to be negotiated.

Location:

This 1,800 square foot facility with 30 shared parking spaces leases for $3,700 per month on a lease until September 2015 with options to be negotiated. The sale includes all of the business’s assets including an oven and stove, fridge, microwave and three bucket sink with an ice and soda machine on lease. The bar can accommodate 80 patrons and serve until 2 am.

Size in square feet:

1,800

Business Operation

Expansion potential:

This bar has been under its current management for over 20 years. As the seller has been pleased with the bar’s consistent financial returns, they have adopted a strategy of ‘if its not broken, don’t fix it’. As such, several avenues for growth exist. New owners may seek to offer draft beer, adjust drink prices, implement food service, charge for events, allow patrons to pay with credit cards on smaller transactions, etc.

Competition / Market:

This bar enjoys the best of all worlds. Prior to 8 pm it is a dive bar that is a local favorite, while after 8 pm it hosts special events and is frequented by a somewhat younger loyal crowd who are willing to travel to the venue for events. As its tournaments are a major customer draw, the bar does not face direct competition in the immediate vicinity.

Reasons for selling:

Personal

Employees:

7

Years established:

1991

Other information

Support & training:

2 wks at 20 hrs/wk

Financing available:

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Inventory / Stock value:

$10,000