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The Long Beach Area bar caters to a diverse community with a host of near nightly events that include karaoke, shows and dancing.
The venue boasts a stellar location with excellent visibility, parking, an outdoor patio and dance, and the coveted entertainment, dance and cabaret entitlements, amongst others.
Though the business is not required to serve food, it does possess the ability to provide some basic food options and a variety of snacks to help keep patrons fueled through the night.
Lease
The 6,700 square foot venue (plus patio) leases for $9,776 per month including triple net (NNN) expenses and parking, on a lease until 2028 with one 5-year option. All the business’s furniture, fixture, equipment, goodwill, Type 48 Liquor License and additional associated licenses and permits will be included in the sale. The billiards tables, juke box and video games are not owned, however are on an attractive revenue share. ATM machine receives $1 per transaction. Approximately $5,000 in inventory will be sold at cost at close in addition to purchase price.
This multi-faceted operation may benefit from a full-time working owner-operator with hospitality experience to help in the development of events and promotions and to maintain top notch customer service, while minimizing potential waste and minimizing wage expenses.
While the greater Long Beach area hosts a variety of bars catering to a similar client base, few have the type of comprehensive offering that this venue posses. As a result of their ultra-convenient location with excellent freeway access, the variety of offerings they provide between several distinct and superbly appointed areas, and the breath of their entitlements, this business is a significant and sustainable long-term advantage over competitors that is difficult to compete with or replicate.
Retirement
Seller will train for 2 weeks at 20 hours per week or as negotiated.
Seller may consider a small, secured, carry to a creditworthy buyer with sufficient experience to facilitate SBA or conventional loan, based on the overall offer.
