Cocktail Bar - Type 48 License - Low Rent
Not Disclosed, CA Los Angeles County
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- RE: Cocktail Bar - Type 48 License - Low Rent
- Contact: Neil Kaplan
- License #: 1995716
Quick Facts
| Asking Price: | $510,000 | |
| Annual Revenue: | $720,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $109,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1995 | |
| Employees: | 11 | |
| BBN Listing #: | 944545 | |
| Broker Reference #: | 5460 NK |
Business Overview:
Listing # - 5460 NK
This long-established cocktail bar, located in a desirable area with low rent, is now available for purchase. The bar holds a 48 license and benefits from a favorable 10-year lease. It features an inviting outdoor patio, perfect for patrons to enjoy their drinks in a relaxed setting.
The current owner has invested $100,000 in capital improvements, enhancing the overall ambiance and efficiency of the business. Additionally, seller financing is available, making this a great opportunity for potential buyers. The bar operates on short hours, providing a perfect work-life balance.
The facility spans two stories and includes two pool tables, offering ample space for entertainment and social gatherings.
Major Expenses:
- Rent: $2,600
- Pouring Cost: 27% - $15,000
- Labor: $10,500
- Utilities: $900
- Entertainment: $2,500
- Insurance: $450
Don’t miss out on this spacious and well-maintained cocktail bar with great potential for growth!
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Reason for Selling:
Wants Large BusinessAdditional 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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