PROFITABLE CRAFT BEER BAR w/ VERY LOW RENT!

Los Angeles County, CA

PROFITABLE CRAFT BEER BAR w/ VERY LOW RENT!
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Asking Price: $375,000

Cash Flow: $145,582

Gross Revenue: $360,192

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2011

PROFITABLE CRAFT BEER BAR w/ VERY LOW RENT!

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Business Description

PROFITABLE BEER BAR with SBA Loan for approved Buyer

This Beer Bar serves only the Finest and Rarest Craft Beers on Tap and in Bottles from around the world and has developed a loyal following of clients who crave both great beer and lots of fun. It is located in the heart of the West San Fernando Valley. To keep it interesting and to draw people back, the owner changes the beer selection on a regular basis. In fact the beers change so much you can join the Beer Lovers Club. This bar was voted one of top 10 Craft Beer Bar's in California.

This business has a Cult like Following, the clientele just LOVE this place, they say its like Family - a Real Life CHEERS. With over 1,700 likes on Facebook and an ever growing Twitter following it makes it easy to reach your guests with the New Beers being offered on tap or any other special promotions you may be having coming up. Then the Yelp reviews just keep coming in, at 4 1/2 stars++ clearly the guests feel at home in this place.

Enjoy various games with a friend or one of their contests and test your skills as you savor that new beer on tap. There are also a number of TV's that are always showing the Sports Games all year long.

As an Owner operated business its a goldmine, current owner has cut his work schedule to only 2 days a week and profits still remain high. Sales have been increasing year over year. Last years sales were $360,192 with an adjusted net earnings of $145,500++ and 2018 is ahead of last year. Owner is looking to move from the area and open another business. Because of the distance and the hands on nature of the operation he feels it best to turn over this very unique operation to someone who can continue it's success.

The business is very limited on the food being served as there is no "Kitchen" per se but there is a steamer and microwave to prepare the menu items. Because the Business operates under an ABC 42 license no food is required to be sold.

Employee overhead is very small as only one person is needed to run the business at any one time (except on specialty new beer flight nights).The Owner had typically worked 5 days a week (as he loves it here) and had a person that covered the other days and when he wants to take time off. Recently he has hired a full time person and cut his hours back in pursuit of his next venture. With the rent that is very affordable, under 6% of sales (YES THAT IS UNDER 6%) surely helps the bottom line profits.

So don't waste any time on this one,

* Great Earning

* Increasing Sales Yearly,

* Easy Operation,

* FUN Work Atmosphere

We expect this one to go fast!!

Just go to tab "Sign NDA" and after that contact Agent as this is a PRIVATE LISTING! We will need your experience, financials & FICO score before Name is released.

Detailed Information

Employees:
3
Business Website:
http://sellingrestaurants.com/restaurant-for-sale/sell-my-restaurant-chatsworth
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Contact the Seller

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Stuart Schlosser

Business Listed By:
Stuart Schlosser

Paramount Restaurant Brokers, Inc.

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Sponsoring Broker:
Mel Jones

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