Torrance Area Beer & Wine Dive Bar w/Smoking Patio - Live Ent.!

Torrance, CA (Los Angeles County)

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Asking Price: $120,000

Cash Flow: $30,000

Gross Revenue: $315,698

EBITDA: $30,000

FF&E: N/A

Inventory: $5,000*

Rent: $6,000 /Month

Established: 1960

*not included in asking price.

Torrance Area Beer & Wine Dive Bar w/Smoking Patio - Live Ent.!

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Business Description

This Torrance Area beer and wine combination hipster / dive bar is a great local sports bar during the day and a uniquely eclectic place with live bands and DJ’s at night. The free standing bar boasts an enclosed smoking patio that patrons may consume alcohol on. This historically profitable venue presents the aspiring bar owner the type of opportunity that many desire but can rarely find. That is, a “local favorite” place with historical goodwill that is simple to run, easily manageable, has growth potential and offers live entertainment without a food service requirement. What’s more, this bar offers a buyer one of the most valuable assets of all – a high percentage of cash in the operation coupled with an agreeable, buyer friendly landlord who seeks to have a successful long-term tenant. The bar, with an indoor and outdoor patio, has a 100 plus person occupancy and offers patrons billiards, video games, live, DJ or recorded music and television.

Detailed Information

Location:
Torrance, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
6 pt
Facilities:
The 1,500 square foot beer and wine bar with a smoking patio has a parking lot, storage area, two restrooms and a manager’s office. The facility leases for $6,000 per month on a long-term lease with reasonable tenant friendly increases anticipated on a long-term lease or its option periods. The facility has a 15 foot by 11 foot bar, as well as a large walk-in refrigerator / cooler and two billiards tables.
Competition:
The local neighborhood bar market in the South Bay and its surrounds tends to be more stable than the more seasonal beachside tourist oriented venues. This location was historically a stable earner that enjoyed a loyal local, cash-paying patronage.
Growth & Expansion:
This venue had been an earner since the 1960s. With the exception of working there themselves, a buyer may implement the former concept with any major venue modifications. Opportunities for increased profitability include the implementation of food service, promotions, which may include more frequent concert and event (boxing, UFC fights, sports, etc.) offerings, or special celebrations (larger Cinco de Mayo, St. Patrick’s Day, etc. events). Historically, the bar’s simplicity and ‘local’ entertainment mix had provided it a recipe for continued success – but room for growth still exists!
Support & Training:
2 Weeks / 20 Hours
Reason for Selling:
Personal
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Contact the Seller

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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. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. 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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