Sports Bar & Restaurant

Listing ID: 70079691

Listing Title: Sports Bar & Restaurant

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Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: California

Area Southern California - All Southern California

City: Los Angeles

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $1,645,790

Cash Flow: $266,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1984

Number of Employees: 1 - 3

Business Description:
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.

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