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Bar With Property - No Food Required
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $250000
Net Profit / Cash Flow $72000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1963
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Training 2 weeks at 20 hours/week.
Reason for Sale Personal.
Description This Greater La Canada / La Crescenta Area bar with a Type 48 Liquor License is being offered for sale with its 2,300+ square foot property, as well as the property's unique ability to host a commercial on premise billboard in a high visibility location! The actual bar boasts seating for nearly 20 patrons, with a unique layout that allows patrons to engage in billiards, video games or darts in other areas, both public and semi-private. The bar has a large liquor room, a walk-in beer cooler and plenty of refrigerated storage units. It also uniquely boasts a large manager's office complete with a private bathroom and closet, as well as a separate room that could host food service.
Asking Price $550,000.
The bar and its property, which was originally constructed in the 1930's, is 2,300 square feet on a 2,600 sq. ft. parcel that has some onsite parking offered. The real estate, as well as all of the business's furniture, fixtures, equipment and Type 48 Liquor License are included in the sale. Though no food service is required, the building once had a kitchen with a hood that a new owner may seek to renovate. The bar does not have a beer tap system.
This is the quintessential local dive bar and tavern whose patrons likely visit for its close proximity to their home or work, coupled with its unique level of cleanliness. As such, this bar has unique competitive advantages that are difficult for venue further afoot to compete with.
As the bar has no known restrictions on the liquor license, there are a number of avenues in by which new owners may seek to grow business. As the building used to have a kitchen, new owners may seek to rebuild one and implement food service; even without a kitchen they may seek to use the property to offer patrons weekend barbeque, burgers, steaks or other foods, or potentially foods that do not require a full-hood to cook. New owners will likely seek to promote the venue to attract more than the local tavern patrons.
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