A lively Lakewood area neighborhood hangout, this local bar offers a relaxed yet energetic atmosphere with live entertainment permitted 7 nights per week for DJ an karaoke. DJ nights, karaoke, live bands, and big-screen sports. Known for its tap beer selection, quality wines and spirits, and generous happy-hour specials -including all-day deals on select days - it’s a favorite spot for everything from casual weeknight drinks to high-energy weekend events. Open late and blending dive-bar comfort with stylish touches, it draws a loyal crowd for its welcoming vibe and nonstop entertainment.
- Asking Price:
- $275,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $32,000
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$60,000 per annum
- Premises Details:
-
This 2,278 SF location will lease for $4,500 per month on a new 5 year lease with one 5 year option to extend. All of the venue’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. An estimated $3k in inventory will be sold at cost at close in addition to purchase price. The venue boasts a recent $350k remodel, with full plumbing and electrical being renovated down to the studs. The facility owns its pool table and ice machine, and has a walk-in keg cooler, 16 beers on tap, 9 flat screen TVs, 7 high top tables and 2 booths. The juke box is on a 50% split.
Currently absentee owner. Could benefit from hands on owner and expanding hours.
- Size in square feet:
- 2,578
Business Operation
- Management type:
- This business has absentee ownership.
- Expansion Potential:
-
As the venue is absentee operated, it could benefit from a hands on owner-operator with hospitality industry experience, and potentially, extended hours. The bar’s strong following for its energetic nightlife, themed entertainment, and diverse drink selection opens up multiple avenues for growth -ranging from hosting larger-scale events to expanding hours or partnering with local brands and artists. With its distinctive vibe and loyal crowd appeal, the venue is well-positioned to tap into the area’s dynamic, socially driven clientele and evolving nightlife trends.
- Competition / Market:
-
Nearby venues often attract patrons with themed nights, pool tables, and late-night hours, appealing to the same crowd looking for a laid-back yet social atmosphere. However, many competitors lack the combination of consistently rotating events, upscale touches, and wide drink selections, giving this spot an edge in standing out within a densely packed bar scene.
- Reasons for selling:
-
Personal
- Years established:
- 1993
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20hrs per week or as negotiated.
- Furniture / Fixtures value:
- $40,000 - included in the asking price
- Inventory / Stock value:
- $3,000 - included in the asking price
