This Greater Burbank Area bar with a Type 48 Liquor License is being offered for sale with its 2,300+ square foot property, as well the property’s unique ability to host a commercial on premise billboard in a high visibility location! The actual bar boasts seating for nearly 20 patrons, with a unique layout that allows patrons to engage in billiards, video games or darts in other areas, both public and semi-private. The bar has a large liquor room, a walk-in beer cooler and plenty of refrigerated storage units. It also uniquely boasts a large manager’s office complete with a private bathroom and closet, as well as a separate room that could host food service. While the venue has television, it may greatly benefit from a number of additional forms of patron entertainment.
- Asking Price:
- $1,200,000
- Sales Revenue:
- $515,000
- Cash Flow:
- $80,000
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
The bar and property, constructed in the 1930’s, is 2.3k square feet on a 2.6 square foot parcel that has onsite parking and an office on the second level. The real estate, as well as all of the business’s furniture, fixtures, equipment (with the exception of some game that are on a revenue split agreement), and Type 48 Liquor License are included in the sale. Though no food service is required, the building once had a kitchen with a hood that a new owner may seek to renovate. The bar does not have a beer tap system, but has extensive refrigeration.
- Size in square feet:
- 2,626
Business Operation
- Expansion Potential:
-
As the bar has no known restrictions on the liquor license (other than perhaps no dancing permitted – which has not been confirmed), there are a number of avenues in by which new owners may potentially grow business. As the building used to have a kitchen, new management may rebuild one and implement food service; even without a kitchen they may offer patrons weekend outdoor barbeque, burgers, steaks and more, or potentially foods that do not require a hood to prepare. New owners can also promote the venue to a wider group of patrons by hosting events around sports, holidays, implementing karaoke nights, etc. They may also capitalize on the on-premise billboard signage, while converting the facility’s underutilized rooms (due to its unique layout) to revenue generating areas or alluring lounge areas.
- Competition / Market:
-
This is the quintessential local dive bar and tavern whose patrons likely visit for its close proximity to their home or work, its music and entertainment offerings, its convivial vibe, and its unique level of comfort and friendliness. As a result of these attributes, and the bars storied history, this bar has a number of hard to replicate advantages over alternative entertainment choices.
- Reasons for selling:
-
Shift of focus to alternate venues
- Years established:
- 1963
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20hrs per week or as negotiated
- Financing available:
-
Buyer may be able to secure SBA loans
- Inventory / Stock value:
- $5,000
