North Hollywood Bar with Beer & Wine

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $149,000
Cash flow: $30,000
Revenue: Not Disclosed
Gross Income: $124,071
Inventory: $1,000 - Included in the Asking Price
FF&E $25,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This quaint North Hollywood bar has been in operations since the 1950?s. It is a perfect opportunity for a bar owner to operate a simple, low overhead drinking establishment where customers can socialize after work, play darts, watch sporting events, and run the jukebox. The current owner does not work in the bar but makes daily visits to check in with the guests. It is an ideal situation for a new owner who seeks to work in a bar and increase discretionary profits by reducing other payroll costs.

Facilities:
The sale includes all the assets currently in the bar. The jukebox and game machines are not owned, but the owner does receive a 50% split. The facility is 800 square feet with a low lease rate of $1,535 per month, expiring in 2010, with a 5-year option to renew. The bar includes two large coolers, one with a 7-tap beer dispenser, and the other with a 4-door beer cooler. The sale also includes 5 televisions (direct TV already installed) and a recently installed DVR remote access camera security system.

Financing:
Not offered

Support:
1 weeks at 20 hours/wk.

Competition:
Competition is considered medium as there are 3 other pubs within several miles of this location, however there is no competition in the immediate vicinity.

Growth:
A new owner may increase sales by expanding the food offered. Though there is not a kitchen, there are no restrictions on the amount or type of food which may be sold at the business.

General Information

Reason Selling: Owner is moving

Number of Employees: 3
Year Established: 1950