Return to search results

Newly Priced! North East L.A. Craft Beer / Wine Bar & Bottle Shop!

Los Angeles, CA (Los Angeles County)

General image
Contact Seller

Asking Price: $195,000

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.

Newly Priced! North East L.A. Craft Beer / Wine Bar & Bottle Shop!

Save Print Share Valuation Report

Business Description

A hip craft beer/wine bar & bottle shop with a type 42 & 20 license. Affluent L.A. area facing a major street with heavy traffic.

Pulling in some of the best labels from local & national breweries. The space is built for retail up front where customers can swing in & grab their favorite beers, either from shelves or the long row of coolers, before heading home or to a party. The coolers are a full eight feet deep which allows room to accommodate keg sales. There is also a bar area with an outdoor patio, for drinking al fresco (as well as where weekend food pop ups often take place). The bar is lined in wood, with a long bar where eight draft lines are located, plus arrangements for communal seating. Guests can enjoy craft beer on-tap or by the bottle from any of the hundreds of craft beer/wine options in the bottle shop. It has been ranked among the top beer bars in L.A. by local media.

Detailed Information

Location:
Los Angeles, CA
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 is comprised of a 1,333 square foot retail store authorized to sell beer and wine in conjunction with its 612 square foot bar and 370 square foot patio. The premise 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 a hood as they are not required to offer food service. The company is currently part of a franchise organization – which a prospective buyer may or may not choose to remain associated with. The financials assume a buyer may de-franchise and likely change the name – as the name and any assets specific to the franchisor or their branding are not included in the sale. The complexities of this will need to be further evaluated.
Competition:
The beer/wine bar & bottle shop has loyal repeat customers and experienced staff providing excellent customer service. There are hundreds of beers & wines and light bar snacks as well as food pop-ups most weekends). The area is a growing gathering place for affluent professionals.
Growth & Expansion:
The owner is semi absentee working about 15-20 hours per week. The business could really benefit from an active operator who will be attentive to trends, advertising and marketing.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
Contact Seller

Contact the Seller

Contact Seller Loading

Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

Show Phone Number

View My Listings

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.

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1594471 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Baked, Cookies and Dough

Franchise Opportunity In CA
Capital Required: $100,000