Asking Price: $140,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $1,500 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Classic local beer and wine bar on major boulevard in Torrance. 7 tap system, walk in cooler for kegs. Good parking and visibility in area becoming known for breweries and craft beer. Pool tables and games split 50/50. This space has been a bar since the center was built in the 70's. Cheap rent and minimal other expenses makes this bar easy to run and a good starting place for a tap room playing off the local breweries. Although very clean and well taken care of, nothing has been changed here in decades leaving plenty of room for improvement. The bar has been used as a set for two movies as it has a very authentic tavern look inside. Owner is open to all offers, upcoming retirement from another full time job motivates the sale.
DO NOT SPEAK TO EMPLOYEES
About the Business
Number of Employees:
End Cap, 1,348 square feet, very clean and well taken care of.
Dense surrounding area could use a more modern "tap house" style bar, lots of breweries in the area that you could draw from.
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