North Long Beach Cocktail / Dive Bar w/Property – Absentee Operated!

North Long Beach Cocktail / Dive Bar w/Property – Absentee Operated!

Long Beach, CA


Asking 
$200,000
Gross Revenue 
$545,000
Potential Cash Flow 
$120,000

This absentee operated North Long Beach bar with a Type 48 Liquor License represents the quintessential neighborhood cocktail bar sale. The property, with onsite parking and apartments, is being offered for $1.2 ml. (the property will not be sold without the business). The venue does not have a kitchen as food is not necessary. The popular neighborhood bar offers loyal patrons billiards, juke box and other forms of entertainment. The name will not be included in the sale.

Inventory 
5000

Accounts Receivable Included in Asking
No

Facilities

This 2,261 square foot freestanding venue is located on a 4,483 square foot corner lot. All of the business’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Approximately $5,000 in inventory will be sold at cost at close.


Competition

Though competition exists this venue is a local watering hole. As a result its patrons tend to be neighborhood residents and nearby workers and traversing commuters.


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 $1.2 ml. Will not sell the property without the business.

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