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Listed by:

High Touch Properties Inc.

The Bar You've Always Wanted For Sale

Los Angeles, California - South, US
Asking Price:
$575,000
Sales Revenue:
Undisclosed
Cash Flow:
Undisclosed

The Bar You've Always Wanted

This bar is that neighborhood bar that never gets too crowded, has bartenders who’ll actually talk to you, and music you’ll spend the entire night listening to around the coolest crowd on Melrose. Plain and simple, this small Melrose spot is one of those places you can do whatever you want in. Need a nightcap after a sexy date night? Want to rip a few shots at the bar and create your dance floor? Anything goes here.

This is a whiskey bar through and through and known for featuring a large selection of top shelf Whiskey's, Vodkas, Gin's, Tequila's, and Rum's from all over the world as well as all the usual suspects. You can get any drink you want here but no parasols at this joint, this is a high ball bar buddy, just relax and enjoy it.

You want to know about the rent? Well you'll like that too, $4,000/mo fixed to 10/31/28 plus the same through the 1 x 5 year option period. NNN are $1,000/mo.

This is a spot that needs a hands on operator to maximize its profits, its easy to run. Staff is usually 2-3 at opening, 5 at its busiest hours. This bar is a neighborhood fixture, has had the same owner since 1991, its been his passion project and its ready for the next operator.

Property Information

Real Estate:

Lease

Lease Terms:

$4,000/mo fixed to 10/31/28 plus the same through the 1 x 5 year option period. NNN are $1,000/mo.

Location:

Los Angeles, CA

Premises Details:

The place includes a very sweet and efficient 1-2 man kitchen with a type 10' 1 hood, 4 burner stove, walk in, glycol system, 2 reach -ins, sandwich station and under counter fridges and a grill that produces great bar food, 2 ADA bathrooms. Many of the bars systems have recently been upgraded including a new Toast POS, Beer counting system for its 24 taps, and other upgrades.

Business Operation

Management type:
This business is owner operated.
Competition / Market:

The Melrose stretch between Fairfax and La Brea has seen many new restaurants take the stage including Carmel, The Benjamin and Theia increasing nightlife traffic, Olive & James and Marathon Burger during the day pack em in. The usual favorites like Melrose Umbrella, Blu Jam, Ronan, La Couchette, remain busy, popular, and solid as well as the retail stretch of clothing, shoes for sneakerheads, and furniture remains strong. There aren't really any bars in this category or where you can just get a drink and hang out to compete which makes this.

Years established:
34