Pomona Bar & Grill With Live Entertainment For Sale

Business description

This Pomona Bar and Grill boasts many of those attributes that entrepreneurial buyers seek. It has full-liquor, live entertainment, a patio, two separate bar areas, a large walk-in cooler, a tenant friendly landlord, and a solid concept that is a perennial favorite. The sale includes all of the business assets paid off in the sale including a full kitchen with a stove, grill, griddle, deep fryer, salad prep tables, an ice machine and an automatic dishwasher, and a walk-in fridge. As the business is currently absentee run and not marketed, tremendous potential exists for a working owner to replace wage expenses, while ensuring no lost revenues at the bars or behind the register. While the current concept has been and once again should be successful (broker will explain), this bar and restaurant could be a home run with its current concept or with any modifications a new owner may seek to make.

Property information

Real Estate:

Lease

Lease terms:

This prominently located 4,000 square foot facility with nearby parking leases for a low $5,000 per month on a 5 year lease with a 5 year option.

Location:

This prominently located 4,000 square foot facility with nearby parking leases for a low $5,000 per month on a 5 year lease with a 5 year option. The sale includes all of the business s furniture, fixtures and equipment, as well as its Type 47 liquor license and ability to offer entertainment (no dancing). The facility has occupancy for 250 patrons.

Size in square feet:

4,000

Other information

Expansion potential:

New owners will also like seek to put controls in place, as few exist. This restaurant does face some competition, however, its ideal location, great street visibility, parking lot, licensing and permits, and low rent provide it a long term sustainable competitive advantage

Competition / Market:

As the business has been a proven success in the past and should be once again, little may need to be done for a working owner to return the restaurant and bar to its former profit levels. New owners will seek to promote the venue, offer popular live entertainment, implement themed nights and events / parties, and heavily promote the bar operation.

Support & training:

2 wks at 20 hrs/wk

Inventory / Stock value:

$7,500