Lakewood Area Cocktail Dive Bar w/Property – Absentee Operated!

Lakewood Area Cocktail Dive Bar w/Property – Absentee Operated!

Lakewood, California


Asking 
$135,000
Gross Revenue 
$420,000
Potential Cash Flow 
$66,000

This absentee operated Lakewood Area bar with a Type 48 Liquor License represents the quintessential neighborhood cocktail bar sale. The property, with onsite parking, is being offered for $625,000 but it will not be sold without the business. The venue does not have a kitchen as no food is required. It boasts a stage and dance floor however buyers should always fully understand any applicable permits and related entitlements.

Inventory 
1000

Accounts Receivable Included in Asking
No

Facilities

This 2,364 square foot freestanding venue is located on a 4,235 square foot corner lot. The owner pays itself $4,000 per months for lease / mortgage expense. All of the business’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Approximately $1,000 in inventory will be sold at cost at close.


Competition

Though competition exists this venue caters to neighborhood residents and pulls crowds in from further away due to its special event and entertainment options. Patrons may not find alternative bars to be as conveniently located, or they may not offer liquor, onsite parking or the convivial atmosphere this offering provides.


Growth & Expansion

This business may benefit from a full-time onsite owner-operator with hospitality industry experience. A customer service-oriented owner operator should not only ensure stellar customer service to help maximum revenues, but it should also minimize wage and other expenses.


Support & Training

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


Reason for Selling

Personal


Real Estate

Available for $625,000; will not be sold without the Business

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