Palm Springs Area Bar With Liquor Dancing & Parking For Sale

Business description

This Palm Springs area bar with an onsite parking lot boasts liquor, entertainment and dancing and has no kitchen or food requirement. The bar, which has posted stable year of year revenues, has been a local and visitor favorite for over 20 years within its client demographic. As this bar has a large dance floor, a formidable sound and lighting system, an ultra-comfortable smoking patio, and a private billiards and game lounge, impeccably maintained restroom and on oversized walk-in cooler, it is no dive bar. In fact, this may be one of the cleanest and best maintained cocktail bars and dance clubs in Southern California!

Property information

Real Estate:

Lease

Lease terms:

This 2,000 square foot facility leases for $3,300 per month until October 2014 with one five-year option.

Location:

This 2,000 square foot facility leases for $3,300 per month until October 2014 with one five-year option. The premise is approved for nearly 200 patrons, offers onsite parking and comes with a point of sale system, a comprehensive website with an events calendar and a Type 48 Liquor License. While there is no kitchen or hood, the bar does have a small indoor oven used for simple snack food prep and an ultra-convenient oversized walk-in cooler that is rumored to provide the coldest beer in town.

Size in square feet:

2,000

Other information

Expansion potential:

While this concept bar appears to be firing on all cylinders so to speak, room for growth still exists as the current owner is not a seasoned bar owner, does not tend bar, charge an entrance fee or have patrons pay for some games or food service, or heavily promote the simple food that they do prepare without a hood.

Competition / Market:

This bar enjoys the benefits of drawing a loyal local crowd of mature patrons until 8 pm, and then pulls in a mix of younger revelers and visitors that are attracted to the event and dance offerings until 2 am. As such, it does not face any immediate competition from neighborhood bars in the daylight hours, while few others can compete with this bar’s comprehensive offerings and regular customer flows in the evenings, thus providing it a sustainable advantage over its competition.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Inventory / Stock value:

$10,000