Coastal Dive Bar

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Coastal Dive Bar with Liquor License Low rent

Business Description

• A true classic “Dive” Bar established over 20 years
• Formerly bar owned by Navy seals and attracts large Navy clientele
• Highest rated on Yelp and voted best entertainment in beach community last year
Voted as a Top 18 dive bar in San Diego from Eater San Diego.
• Absentee ownership and would benefit from local active management
• 13 beer taps; 8 TV monitors; 2 pool tables; sound system; speakers for live music nights and Karaoke nights
• ABC 48 Liquor license valued at over $80,000 plus Caterers 58 license allows for off-site events bar set-ups.
• Live music plus Karaoke 2 nights each week.
• Current bar monthly gross of $27,500 and Caterer Bar business averages 30 events a year for extra cash income
• Below market lease rate $2,300 for 1750 SF
• Lease term until April 2020 with new long-term lease for qualified buyer.

About the Business

Location:
San Diego, California
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
1,750
Rent:
$2,300.00 Per Month
Lease Expiration:
3/31/2020
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About the Sale

Reason For Selling:
Absentee owner lives too far from the business

Listing Info

ID:
1594756
Ad Detail Views:
0
Asking Price:
$179,000

Gross Revenue:
$350,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Listed by

David Cutler

Pacific Coast Commercial
License# 01306393

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