Full Liquor License Bar For Sale
Location:
United States
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California
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Southern California - Los Angeles Area
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Inglewood
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
This is a rare opportunity to open and operate a full liquor license bar for sale with a type 48 license at a price equal to the cost of the liquor license and associated estimated permit fees. The bar has been located in this prime Inglewood location since 1958. Until recently, it has been known as a neighborhood watering hole. A new owner may seek to maintain the neighborhood bar feel or create a hip, boutique lounge or speakeasy that will cater to a more upscale clientele. The type of opportunity to operate a full liquor bar with no food requirement at such a price does not come often!
Asking Price $85,000. This 1,350 square foot facility will be offered with a new lease rate of $1,720 per month including common area maintenance (CAM). The landlord will most likely offer a new 5 year lease with additional options to extend subject to a personal and financial profile review. The sale includes a full liquor license (type 48), a new lease, and the rights to the use of the existing leasehold improvements and the conditional use permit. The buyer will be required to furnish the business with their choice of furniture, fixtures and equipment, as well as stock their own inventory. The business does have a built out bar with plumbing, sinks and drains already in place.
Competition is considered medium as other neighborhood bars exist, however, the buyer will have the luxury of creating their own style and concept to set them apart from the competition.
This business has a great deal of growth potential. The previous owner invested minimal capital to improve the business' appearance and profitability over the prior 20 years, so a new owner is able to design whatever concept they choose to capture their target market. A full liquor license without a food requirement allows an owner to save substantial costs on food, labor and kitchen operations, and run a simple bar operation with minimal overhead.
Financials
Asking Price Range: < $250K
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1958
Number of Employees: 6 - 9
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
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: 700110666
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