48 sports bar w/ entertainment

Asking Price: $ 320,000
Type of Business: 48 sports bar with entertainment
Location: Los Angeles County
Hours of Operation: 12 noon until 2 am every day
Gross Sales: $ 35,000 per month
Adjusted Net Profit: $ 10,000 per month
Total Rent: $ 4,200
NNN: $ included in rent
Length of Lease: 4.5 years
Options: 10-year option
Sq. Ft. 3,000
Occupancy: 187
Number of Employees:
Full time:        Part-time: 5
Payroll: $ 8,000
Insurance: $ 4,200 year
Gas: $ none
Electric: $ all utilities including TV $2,000
Water: $ included in rent
Phone: $
Trash: $ 75
Internet and TV:
Cost of goods: N/A
Business description.

Recently remodeled with over $130,000 in upgrades. Previously a night club for over 30 years. Now the business is a Sports Bar with Entertainment. Entertainment permit with live music and dancing, type 48 license, grandfathered for cover charge. Live bands perform every weekend. They charge a cover fee every time a band is playing. Prices change depending on the band. Cover charge income usually pays for the bands to perform. Majority of money is made from the alcohol sales. Very popular for live music and dancing as well as private parties. Open floor plan with stage and large dance floor, separate DJ booth. Huge sign on the roof with great visibility at night. Access from main street and side street behind the bar.

Call for more details.
(714) 366-5498