Echo Park Area Beer & Wine Market with Onsite Bar!

Los Angeles, CA (Los Angeles County)

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Asking Price: $225,000

Cash Flow: $165,703

Gross Revenue: $831,544

EBITDA: $165,703

FF&E: $40,000

Inventory: $25,000*

Rent: $8,391 /Month

Established: 2015

*not included in asking price.

Echo Park Area Beer & Wine Market with Onsite Bar!

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Business Description

This Echo Park Area beer and wine market boasts an unparalleled wine and beer selection, which is accompanied by a convenient fully build-out onsite bar complemented with an outdoor patio. The concept-drive enterprise has the selection, knowledgeable staff and the licensing in place to cater to its discerning client base.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
N/A
Employees:
4-5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 2,200 square foot venue leases for $8,391 per month including common area maintenance (CAM) expenses on a 5 year lease that expires 10/31/19 with one 5 year option. All of the business’s furniture, fixture, equipment and Type 20 and 42 beer and wine license will be included in the sale, while a new Type 58 Catering permit can be applied for. Approximately $25,000 in retain inventory will be sold at cost at close in addition to purchase price. While the facility does have a grease trap, it does not have a hood or a duct for one as they are not required to serve food.
Competition:
While limited retail competition exists in the traditional beer and wine marketplace, and to a lesser degree in liquor store space, this concept is unmatched in the area. The venue’s onsite bar and outdoor patio, coupled with the offsite sales license, puts the business in a category of its own.
Growth & Expansion:
New operators will likely want to relaunch this highly attractive market and beer and wine bar with a revitalized name and slightly elaborated offering to suit their concept. They may also curate beer and wine selection to suit their taste. Alternately, they may also want to evaluate the launch of food offerings that do not require a hood, or even consider the addition of a self-contained electric hood to potentially implement food pairing events or via a regular offering. Given the venue’s ease of access and captive loyal client following – this venue may be taken in any number of directions.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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