Norwalk Area Bar w/Liquor & No Food Required – Absentee Operated

Norwalk, CA (Los Angeles County)

Asking
$295,000
Gross Revenue
$629,999
Potential Cash Flow
$186,544

This well-established South Los Angeles County / Norwalk area dive bar with liquor and no food requirement boasts a customer-embraced concept, a fun-loving atmosphere and an attractive and vivacious wait staff. The converted tavern style venue has roughly 20 beers on tap, televisions, darts and much more.

Inventory
$5,000 at cost at close

Accounts Receivable Included in Asking
No

Facilities

This 2,000 square foot location with its own parking lot leases for $3,000 per month on a lease until 2020 with one 5 year option. The sale includes all of the business’s furniture, fixtures and equipment as well as a Type 48 liquor license. The darts, games, ATM, juke box are not owned and are on revenue share agreements.

Competition

This bar has been a neighborhood favorite with a loyal group of patrons for over 20 years. While competition exists, this venue’s prime location on a major thoroughfare offers guests convenient access, parking and a feel-good vibe and ambiance.

Growth & Expansion

The venue has been a consistent earner. As a result the owner has a ‘if it’s not broken, don’t fix it’ management strategy. As such, several avenues for growth may exist, but modifications should likely be implemented by a full-time working owner operator.

Support & Training

2 Weeks at 20 hrs/wk

Reason for Selling

Personal

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