Latino 48 sports bar with live music

Los Angeles County, CA

Seller Financing Available
Latino 48 sports bar with live music
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Asking Price: $380,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: $5,000*

Rent: $4,200 /Month

Established: 2019

*not included in asking price.

Latino 48 sports bar with live music

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Business Description

Recently remodeled with over $130,000 in upgrades. Previously a night club for over 30 years. Now the business is a Sports Bar with Entertainment. Entertainment permit with live music and dancing, type 48 license, grandfathered for cover charge. Live bands perform every weekend. They charge a cover fee every time a band is playing. Prices change depending on the band. Cover charge income usually pays for the bands to perform. Majority of money is made from the alcohol sales.
Very popular for live music and dancing as well as private parties. Open floor plan with stage and large dance floor, separate DJ booth. Huge sign on the roof with great visibility at night. Access from main street and side street behind the bar.

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
12/16/2032
Employees:
5
Facilities:
Recently remodeled with small office and storage. Good parking
Competition:
No nearby competition with live music.
Growth & Expansion:
Promotion of bands have been drawing a good crowd that has helped sales. Business has just recently started to see increases in sales, this can continue under a new operator.
Support & Training:
Included in sale, seller will consider carrying a note for qualified buyer
Reason for Selling:
Partnership split
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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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