Sports Bar & Restaurant
Location:
United States
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California
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Southern California - All Southern California
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Los Angeles
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Popular Sports Bar and restaurant in the south Los Angeles County with unlimited growth potential It is a destination point, known in the area as the place to go for a sports bar, kids sporting events, and business parties. Great balance between adult (family) and corporate. Everyone in the area knows it. Large following. The parents came there as kids and now bring their kids. Loyal established customer base. Close to schools, colleges, corporations.
Annual sales are $1646,000 per year with an adjusted cash flow of $266,000. Almost 11,000 SF facility. Included in the sale $450,000 of furniture, fixtures and equipment excluding memorabilia on walls, state of the art audio-visual system in Sports Lounge, PA System, POS system, 52 Plasma TV?s, plus a 13 foot screen, Full Class C-47 Liquor license, a hard to duplicate Entertainment license with the only restriction of no dancing (can do bands and have stage available), license to operate a Pool Hall, license to operate an Arcade. Has it all. These licenses alone owner estimates are worth from $200,000 or higher depending on user if Sports bar or Nightclub. Almost no CUP restrictions add value.
Located in a charming street shopping center development. It is just off a main thoroughfare in a major city. It has excellent street visibility, ample on location parking. Contact for more information on this Sports Bar & Restaurant for sale.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$1,645,790
Cash Flow:
$266,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $480,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1984
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller will train.
Reason For Selling: Other ventures.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70079691
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