48 Bar Long Beach

Asking Price: $ 225,000 plus $10,000 inventory
Type of Business: 48 Bar
Location: Los Angeles County, Long Beach
Hours of Operation: 12 am-2 am. Open 10 am Saturday and Sunday
Gross Sales: $ 424,000 for 2018 expected 10% increase for 2019
Adjusted Net Profit: $ average $50,000 year (includes owner salary of 30k)
Total Rent: $ 2,551
NNN: $ included above
Length of Lease: 4 years
Options: 5 years
Sq. Ft. 1,350
Occupancy: 50
Number of Employees:
Full time:  1        Part-time: 1
Payroll: $ 3,500
Insurance: $ 4,576 year
Gas: $ none
Electric: $ 500-780
Water: $ 240 (including tash and gas)
Phone: $ included bellow
Trash: $
Internet and TV: Direct TV between $300-600
Cost of goods: N/A
Business description.

48 License with entertainment permit which allows for amplified music, DJs and Karaoke. Established bar, over 40 years in business. Very loyal clientele, at one time the seller was a loyal patron himself. Stand alone building with own parking lot in front with extended parking across the street. Great signage with good street visibility. Good lighting at night in the front and in the parking lot. Extra storage room behind the building. Unique Island style bar with 1 pool table. Owner does not advertise and does nothing with social media. However business has been increasing in sales for the last 3 years and owner expects to see a continual increase. Owner works average of 30 hours per week.