48 License with entertainment permit

Long Beach, CA (Los Angeles County)

48 License with entertainment permit
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Asking Price: $225,000

Cash Flow: $50,000

Gross Revenue: $424,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $2,551 /Month

Established: 1975

*not included in asking price.

48 License with entertainment permit

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Business Description

48 License with entertainment permit which allows for amplified music, DJs and Karaoke. Established bar, over 40 years in business. Very loyal clientele, at one time the seller was a loyal patron himself. Unique Island style bar with 1 pool table. Owner does not advertise and does nothing with social media. However business has been increasing in sales for the last 3 years and owner expects to see a continual increase. Owner works average of 30 hours per week.

Detailed Information

Location:
Long Beach, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,350
Lease Expiration:
2/27/2028
Employees:
2
Facilities:
Stand alone building with own parking lot in front with extended parking across the street. Great signage with good street visibility. Good lighting at night in the front and in the parking lot. Extra storage room behind the building.
Competition:
Very little competition. Bar has good reputation that helps maintain loyal and new clientele.
Growth & Expansion:
Business has been increasing in sales, year after year with no advertising. Buyer can capitalize on marketing.
Support & Training:
Included in sale
Reason for Selling:
Retire
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(from currently available funds)
 
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Suzie Sales

Business Listed By:
Suzie Sales

UBI Business Brokers

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