Long Beach Bar With Live Entertainment
Long Beach, CA Los Angeles County
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- RE: Long Beach Bar With Live Entertainment
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $1,195,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $5,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1965 | |
| Employees: | 10 | |
| BBN Listing #: | 979320 | |
| Broker Reference #: | FALGON |
Business Overview:
This Long Beach bar with a Type 48 liquor license that does not require food service boasts live entertainment, a spacious patio, and an offsite catering permit. Over $200,000 in recent property improvements include a recently polished and buffed cement floor, a new HVAC system with custom stainless steel exposed ducting, a new custom bar built with a 12 tap system and stainless steel countertop, a new custom built walk-in, a new DJ booth, new electrical and plumbing, and new ADA compliant restrooms, high-end stainless steel fixtures. The facility boasts exposed wood beam ceilings, recent exterior and interior paint, a newly fenced patio, custom sound system with high-end lighting and sound system in the interior and on the patio and interior.
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Property Features and Assets:
This 1,200 square foot venue with an 1,800 square foot patio is on a 3,148 square foot lot. While this is a property-only sale and financials and business name will not be offered, the business’s assets, including its furniture, fixtures, equipment and related permits and Type 48 liquor license, catering permit, and other entitlements will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close in addition to purchase price.
Market Competition and Expansion:
This neighborhood bar is nestled in a residential and business area that does not place it in as highly competitive environment of many similar Long Beach venues. As such, it has a distinct competitive advantage when it comes to attracting local patrons.
Reason for Selling:
PersonalAdditional Details:
- The property is owned.
- 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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