This cozy South Bay dive bar provides its patrons a relaxed, friendly atmosphere. The venue boasts excellent freeway access, is adjacent to a popular business that attracts customers, and has a large management office. This quintessential dive bar offers affordable drinks, billiards, sports event viewing and a classic pub-like experience.
- Asking Price:
- $199,000 Furniture / Fixtures included
- Sales Revenue:
- $252,000
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$68,400 per annum
- Premises Details:
-
This venue is comprised of a 1,200 square foot structure including a spacious 400 square foot (approx.) management office that will lease for $4.5k per month, on a new 5 year lease with one 5 year option. The sale includes all of the business’s furniture, fixtures, equipment, and liquor license. An estimated $5k in inventory will be sold at cost at close in addition to purchase price.
- Size in square feet:
- 1,200
Business Operation
- Expansion Potential:
-
This absentee run venue can benefit from an onsite working owner-operator with hospitality experience that can provide friendly customer service and ensure strong sales.
- Competition / Market:
-
This bar enjoys a largely local client base comprised of patrons that work or reside in the area, or those who visit a large nearby sporting facility. The venue’s main street throughway and freeway access provide it stellar access and main street visibility – which are further complimented by 2 busy neighboring businesses.
- Reasons for selling:
-
Shift of focus to alternate concepts
- Years established:
- 1984
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:
- $5,000
