Bar and Nightclub

$700,000

South LA County

Asking Price: $700,000
Type of Business: Bar and Nightclub
Location: South LA County
Hours of Operation: 3pm-2am weekdays 1pm-2am weekends
Gross Sales: $ 60,000/ month +
Adjusted Net Profit: $ 12,000/ month +
Total Rent: $7,134
NNN: $Inc.
Length of Lease: 4 years
Options: Available
Sq. Ft. 4,000
Occupancy: 199
Number of Employees:
Full time:        Part time: 10
Payroll: $6,250
Insurance: $1,250 liability + 369 wc
Gas: $ Included
Electric: $ 1,200 avg
Water: $ Included
Phone: $ 200
Trash: $ Included
Internet and TV: included in phone package
Cost of goods:
Business description.

Type 48 bar with live entertainment, patron dancing and cover charge entitlement. Very popular bar for live music, owner regularly schedules select bands that bring lots of followers. Large walk-in cooler behind bar for 15 draft beer taps, pool tables on other side of bar when there is no live entertainment. This location has been a type 48 bar since 1988, sitting on a major boulevard with high traffic counts. Great demographics, very dense area and good mix of young and middle aged clientele. Good parking in a large shared lot, popular neighboring tenants bring traffic during the day if new owner would like to increase daytime business. There is a small kitchen with a hood although the seller does not sell any food, a new owner with a good cook could increase revenue by using the kitchen. Very large footprint for a type 48 bar with approximately 4,000 square feet, capacity at 199 patrons. current owner has never had any trouble with the police or ABC. ABC permits drinking outside as long as security is in place, owner has security on Friday and Saturday nights. Juke box brings in $1,000/month consistently. Landlord is very reasonable and will offer options to a qualified new owner. Owner is looking to sell to pursue a lucrative opportunity outside the industry.

Call for more details.
(714) 366-5498