Santa Monica Area Bar With Kitchen-Stellar Freeway
Santa Monica, CA Los Angeles County
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- RE: Santa Monica Area Bar With Kitchen-Stellar Freeway
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $525,000 | |
| Annual Revenue: | $1,943,254 | |
| Net Profit: | $30,561 | |
| Cash Flow: | $30,561 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $40,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2015 | |
| Employees: | 25 | |
| BBN Listing #: | 946216 | |
| Broker Reference #: | SANBEL |
Business Overview:
This bar with a full kitchen is located in the greater Santa Monica area. The bar is widely considered to be the best in the area and is known for its menu offerings and convivial atmosphere.  The menu offers a range of dishes from classic comfort foods to innovative culinary creations, along with a selection of craft cocktails and local beers. The venue often hosts live music events, contributing to its lively ambiance and making it a favored spot for both locals and visitors seeking good food, drinks, and entertainment.
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Property Features and Assets:
This 2,400 square foot location leases for $10k per month on a lease until August 2028 with one 5 year option to extend. The venue boasts 2 walk-in coolers, new plumbing and electric with a buildout that is under 10 years old, a 10-tap beer system, a manager’s offer as well as onsite parking. The bar and restaurant has an official occupancy for 95 patrons, but can accommodate up to 125. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.
Market Competition and Expansion:
Although the greater Santa Monica area is considered to be a highly competitive marketplace for bars and restaurants, this market leader is located in a highly coveted area that caters to its own neighborhood market segment. As a result, the location enjoys a bit of insulation from the more touristy areas with fierce competition.
Reason for Selling:
PersonalAdditional 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
Documents:
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