Lounge Bar For Sale
Location:
United States
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California
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Southern California - All Southern California
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San Fernando Valley
Industry: Bars and Nightclubs > Bars and Pubs
Business Summary
Great Opportunity to invest in well established bar, lounge in North San Fernando Valley. Bar for sale is located on busy street and surrounded by commercial, industrial and residential buildings. Loyal customers enjoy multiple game machines, dart competitions, ambiance and friendly service. 47 Liquor License, adjacent kitchen serving clients 11 am to 2 am. Cash based demographics, in addition to walk-ins, this lounge is located inside well known hotel and hotel's guests are frequent visitors. Recession proof business, although sales is slightly down, business is profitable. Seller is not working on daily bases at the lounge, working seller who is on top of daily operations will undoubtedly increase the sale. Additional cash revenue comes from game machines and dart board usage. Excellent Lease terms and very easy lease payments. Email or call Alex Levitan, Sunbelt Business Broker, at (818) 640-8080 for NDA (Non Disclosure Agreement) and more information.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$385,000
Cash Flow:
$170,650
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: No
About The Business
Year Established: 1997
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 20 hours per week following close of escrow.
Reason For Selling: Retire.
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: 700115296
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