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Highly Profitable Los Angeles Bar & Lounge – No Food Required!

Los Angeles, CA (Los Angeles County)

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Asking Price: $2,200,000

Cash Flow: $700,000

Gross Revenue: $1,937,676

EBITDA: $700,000

FF&E: N/A

Inventory: $10,000*

Rent: $12,114 /Month

Established: 2006

*not included in asking price.

Highly Profitable Los Angeles Bar & Lounge – No Food Required!

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Business Description

This highly profitable bar and cocktail lounge provides patrons a traditional and classy ambiance that is reminiscent of a classic New York City higher-end tavern. The well-established premise may be ideal for that buyer who wants a relatively low maintenance, high margin venue with the simplicity that bar-only operations provide.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,236
Lease Expiration:
N/A
Facilities:
The 2,236 square foot venue leases for approximately $12,114 per month on a lease until January 2021 with one 5 year option. All of the business's furniture, fixtures, equipment, goodwill and Type 48 Liquor Licenses will be included in the sale. $10,000 in liquor inventory will be sold at cost at close.
Competition:
While there are several competing bar and entertainment venues in the area, this one is and has been an established earner for some time and its success has continued through good and bad economies as well as the area’s demographic shifts, regardless of what the local competitive set of choices looked like.
Growth & Expansion:
The venue could benefit from a seasoned bar owner or an active owner-operator who can help to provide stellar customer service, ensure the highest possible average ticket sale and help to instill the ambiance and energy they envision for the venue.
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 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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