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Cocktail Dive Bar With Property In Long Beach For Sale

Long Beach, California - South, US
Asking Price:
$275,000 (USD)
Sales Revenue:
$540,000 (USD)
Cash Flow:
$120,000 (USD)

This absentee operated North Long Beach bar with a Type 48 Liquor License represents the quintessential neighborhood cocktail bar sale. The property, with onsite parking and apartments, is being offered for $1.125 ml. (the property will not be sold without the business but the business can be sold without the property, with a lease for $4.5k/mo. on a 3-5 year lease with options to be negotiated). The venue does not have a kitchen as food is not necessary. The popular neighborhood bar offers loyal patrons billiards, juke box and other forms of entertainment. The name will not be included in the sale.

Property Information

Real Estate:

Lease

Location:

This absentee operated North Long Beach bar with a Type 48 Liquor License represents the quintessential neighborhood cocktail bar sale. The property, with onsite parking and apartments, is being offered for $1.6 ml. (the property will not be sold without the business). The venue does not have a kitchen as food is not necessary. The popular neighborhood bar offers loyal patrons billiards, juke box and other forms of entertainment. The name will not be included in the sale.

Premises Details:

This 2,261 square foot freestanding venue is located on a 4,483 square foot corner lot. All of the business’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Approximately $5,000 in inventory will be sold at cost at close.

Size in square feet:
2,261

Business Operation

Expansion Potential:

This business may benefit from a full-time onsite owner-operator with hospitality industry experience. A customer service-oriented owner operator should not only ensure stellar customer service to help maximum revenues, but it should also minimize wage and other expenses.

Competition / Market:

Though competition exists this venue is a local watering hole. As a result its patrons tend to be neighborhood residents and nearby workers and traversing commuters.

Reasons for selling:

Personal

Employees:
8
Years established:
2010

Other Information

Support & training:

Seller will train for 2 seeks at 20 hours per week or as negotiated.

Inventory / Stock value:
$5,000 (USD)

Contact The Veld Group

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