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Lakewood Area Bar & Grill W / Liquor – W / Buildout
Location: United States -> California -> Southern California - Los Angeles Area -> Lakewood
Industry: Bars and Nightclubs > Bars and Pubs




Business Summary

The Lakewood area bar and grill with liquor, which boasts a first-class buildout with no shortage of upgrades, is located in an increasing popular area that is undergoing a transformation due to its bustling job market and reinvigorated population base. In its recent remodel, the venue became fully Americans Disabilities Act (ADA) compliant bar and grill has two new 5 ton air conditioning units, updated plumbing, electrical and much more! The 3,500 square foot venue (plus patio) leases for $7,000 per month on a lease until 2016 with one 5-year options. All the business's furniture, fixture, equipment, Type 47 Liquor License and goodwill be included in the sale. The billiards tables are owned, while the juke box, ATM machine and video games are on a 50% revenue share. Approximately $5,000 in inventory will be sold at cost at close in addition to purchase price. As the greater Lakewood, Bellflower and adjacent Long Beach areas continues to prosper, new competition has entered the market while existing bar and entertainment venues have stepped up their game. This venue seems to be the right place at the right time, positioned to grow if management can build-upon the loyal client base comprising of neighborhood denizens, local staffers and area commuters. The venue can benefit from a full-time working owner-operator with hospitality experience to help ensure top notch customer service, while minimizing potential waste and minimizing wage expenses. This establishment can also continue to capitalize on sports and other events, holiday parties and celebrations and establish itself as the ‘go to' neighborhood place for such festivities.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $1,112,410
Cash Flow:   $165,406
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $5,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1980
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Seller will train for 2 weeks at 20 hours per week.
Reason For Selling:  Personal

Photos

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Lakewood Area Bar & Grill W / Liquor – W / Buildout Photo 1




Print Listing Id: 700375589
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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