Long Beach / Belmont Area Bar – Semi-Absentee with No Food Requirement!

Long Beach / Belmont Area Bar – Semi-Absentee with No Food Requirement!

Long Beach, CA


Asking 
$325,000
Gross Revenue 
$471,557
Potential Cash Flow 
$67,468

This semi-absentee operated Long Beach / Greater Belmont Shore area bar boasts a Type 48 Liquor License, meaning that they don’t need a kitchen or to serve food. The neighborhood venue has a popular walk-in crowd from the adjacent residential community, but also benefits from it convenient street accessibility. Patrons enjoy the extensive tap system, coupled with the convivial bar atmosphere to view sports or play billiards, jukebox and more.

Inventory 
2000

Accounts Receivable Included in Asking
No

Facilities

This 1,800 square foot venue, which leases for $4k/month including common area maintenance expense (CAM), is on a 5-year lease with two five-year options. All of the business’s furniture, fixtures, equipment and liquor license will be included. Approximately $2,000 in inventory will be sold at cost at close.


Competition

This venue is in a popular neighborhood for drinks and socializing. On top of its drink offering and atmosphere, its location makes it a customer embraced neighborhood watering hole!


Growth & Expansion

As the venue is nearly entirely absentee operated, the bar could stand to benefit from an experienced onsite owner-operator with industry experience, a customer friendly demeanor and a mindset geared toward maximizing the operation’s revenues while minimizing its labor and other expenses. Industry veterans may introduce additional events, specials, offerings as well as cost saving measures to bolster revenues and profits.


Support & Training

As negotiated


Reason for Selling

Personal


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