Sports Bar With Low Rent
Location:
United States
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California
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Southern California - Los Angeles Area
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La Puente
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
This La Puente beer and wine sports bar offers patrons a fun, relaxing atmosphere to watch sports, play billiards and hang out in your local neighborhood style tavern. The restaurant for sale is operated entirely absentee and could significantly benefit from working owner or an active manager to increase customer service and expand the current menu offering. This opportunity includes a beer and wine license which does not require the business to serve food, though they do have a small kitchen with a hood. The bar has been priced for a quick sale.
Asking Price $67,000.
This facility is approximately 2,000 square feet and leases for a very reasonable $1,950 per month including CAM. The landlord will likely offer a qualified tenant a new long term lease subject to the applicant's qualification. The sale includes all of the bar's furniture, fixtures and equipment, including a small kitchen, beer and wine license and approximately $500 in inventory. The pool tables are owned, however the jukebox and games are on a revenue split with the provider.
Competition is considered low as there are not many other sports bars in the immediate vicinity.
The business has a great deal of growth potential. The current owners have not aggressively promoted the business, and have bypassed most conventional advertising methods. A new owner could promote the business via coupon mailers, residential and vehicle menu flyers and event promotions. They may also consider capitalizing on the facility's kitchen by offering lunch specials, promoting happy hour specials, and expanding the menu offering.
Financials
Asking Price Range: < $250K
Gross Revenues:
$156,000
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Inventory: $15,500
Seller Financing: No
About The Business
Year Established: 1989
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 1 week at 25 hours.
Reason For Selling: Other business ventures.
Click on the "I'm Interested" button above for more information on this Bars and Nightclubs > Bars and Pubs business for sale.
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Print Listing Id: 700114575
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