Cocktail Lounge 48 Lic, Help Run, Corner Location!

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Rarely on Market Cocktail Bar! Excellent Location, Full Staff to Run the Bar!
Asking Price:
$300,000

Gross Revenue:
$480,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Cocktail Bar Lic. #48, No Food, Help Run, Corner Street Location, Has 2 Security Guards and 6 Waitresses.

Open from 12 noon till 2 am, Pouring Cost 25%, ins. $300, w.c $400, elect. $600.

Covenant not to compete 5 years and 5 miles.

Name of business must be changed after new buyer takes over, because owner has another bar with the same name.

To Qualified Buyer : Offering Financing - $100,000; 36 Months @ 5%.

About the Business

Location:
Los Angeles County, California
Year Established:
1920
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
1,000
Rent:
$2,400.00 Per Month
Lease Expiration:
12/14/2020
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About the Sale

Reason For Selling:
Has Another Bar; Can't Handle Both Bars
Seller Financing:
To Qualified Buyer : Offering Financing - $100,000; 36 Months @ 5%.

Listing Info

ID:
1651172
Ad Detail Views:
0

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Business Listed by

William Park

VR Business Brokers
License# 01995716

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