Long Beach Bar w/Type 48 License – Ideal Rent w/No Food Required

Long Beach Bar w/Type 48 License – Ideal Rent w/No Food Required

Long Beach, CA (Los Angeles County)


Asking 
$295,000
Gross Revenue 
$189,960
Potential Cash Flow 
$50,855

This Long Beach cocktail bar boasts a sought after Type 48 Liquor License, which does not necessitate food service, and ideal rent at approximately $1.35 per square foot. Unlike many cocktail bars, this venue is remarkably clean and is operating under a new conditional use permit as opposed to a grandfathered one.

Inventory 
$3,000 at cost at close

Accounts Receivable Included in Asking
No

Facilities

This 1,000 square foot facility leases for $1,350 per month on a lease that terminates on March 31st 2024 with 1 five year option. All of the business’s furniture, fixtures, equipment and Type 48 liquor license will be included in the sale. Approximately $3,000 in liquor inventory will be sold at cost at close in addition to purchase price.


Competition

Long Beach has historically been a popular destination for cocktail bars. As a result of the city’s licensing and the popularity of these types of venues, competition naturally exists. With the said, may locations may come with historical license infractions or other attributes, which may or may not be desirable. This venue has a clean slate and highly attractive rent.


Growth & Expansion

New management may take this opportunity in any number of directions, given its favorable licensing entitlements and attractive rate under a secure long term lease.


Support & Training

2 Weeks at 20 hrs/wk


Reason for Selling

Personal


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