Santa Monica Area Bar with Kitchen – Stellar Freeway Access
Business Description
This bar with a full kitchen is located in the greater Santa Monica area. The bar is widely considered to be the best in the area and is known for its menu offerings and convivial atmosphere. The menu offers a range of dishes from classic comfort foods to innovative culinary creations, along with a selection of craft cocktails and local beers. The venue often hosts live music events, contributing to its lively ambiance and making it a favored spot for both locals and visitors seeking good food, drinks, and entertainment.
About the Business
- Years in Operation
- 10
- Employees
- 25
- Facilities & Assets
- This 2,400 square foot location leases for $10k per month on a lease until August 2028 with one 5 year option to extend. The venue boasts 2 walk-in coolers, new plumbing and electric with a buildout that is under 10 years old, a 10-tap beer system, a manager’s offer as well as onsite parking. The bar and restaurant has an official occupancy for 95 patrons, but can accommodate up to 125. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost.
- Market Outlook / Competition
- Although the greater Santa Monica area is considered to be a highly competitive marketplace for bars and restaurants, this market leader is located in a highly coveted area that caters to its own neighborhood market segment. As a result, the location enjoys a bit of insulation from the more touristy areas with fierce competition.
- Opportunities for Growth
- New management will likely want to capitalize on a formula that has proven successful, while being mindful of several expense categories that amount to over $200k in costs, that may be reduced via in-house staff coupled with an active owner-operator.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,400
- Rent
- Not Disclosed
About the Sale
- Seller Motivation
- Personal
- Transition Support
- Seller will train for 2 weeks at 20hrs per week or as negotiated
- Financing Options
- Seller will carry a small, secured carry to a creditworthy buyer with sufficient expe
Listing Info
- ID
- 2236692
- Listing Views
- 1985
Listing ID: 2236692 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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