Beer & Wine Bar w/Patio & Live Entertainment – No Food Required!

Beer & Wine Bar w/Patio & Live Entertainment – No Food Required!

Long Beach


Asking 
$75,000
Gross Revenue 
$479,955
Potential Cash Flow 
$68,328

This popular Long Beach beer and wine bar boasts an array of live entertainment as well as an ideal outdoor patio. While the venue offers simple food snacks that complement their beer, wine and music offerings, they are not obligated to do so due to their licensing. The location has a tap system as well as a walk-in cooler.

Inventory 
3000

Accounts Receivable Included in Asking
No

Facilities

This 1,200 square foot facility with an additional 500 square foot patio and a 350 square foot storage leases for $4,713 per month on a 5 year lease with one 5 year option. All of the business’s furniture, fixtures, equipment and Type 42 Beer and Wine License will be included in the sale. An estimated $3,000 in beer and wine inventory will be sold at cost at close in addition to purchase price.


Competition

While competitions exists for beer and wine lounges, cocktail bars and live entertainment venues in this popular area of Long Beach, this establishment has amassed a loyal following due to its ambiance and array of live entertainment.


Growth & Expansion

New operators will likely want to maintain business operations that have proven successful and perhaps explore small modifications to the business format, entertainment and promotions. As with many such places, an ideal staff including full-time working owners may be very helpful when it comes to establishing the ideal customer-friendly vibe. In addition, the venue has extra space for a kitchen so food service could be implemented, and the license could be downgraded to a Type 41 or upgraded to a Type 47 with liquor.


Support & Training

Seller will train for 2 weeks at 20 hours per week or as negotiated


Reason for Selling

Personal


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