Tavern on a busy street, corner location. Type 42 ABC license

Asking Price: $ 395,000 or offer
Type of Business: Tavern on a busy street, corner location. Type 42 ABC license
Location: Los Angeles County
Hours of Operation: 11 AM – 2 AM. Currently closed
Gross Sales: $ 460,000 / yr.
Adjusted Net Profit: $ 190,000
Total Rent: $ 1800
NNN: $
Length of Lease: 2 years apx
Options: 5 years
Sq. Ft. 650
Occupancy: 45
Number of Employees:
Full time:        Part-time: 8
Payroll: $ 4600
Insurance: $
Gas: $
Electric: $ 550
Water: $ included with electric
Phone: $ 375 with internet & cable
Trash: $ 231
Internet and TV: above
Cost of goods: N/A
Business description.

Neat Clean beer bar ( & SOJU) on a very busy corner on a main street. Great visibility with lot & street parking in this high-density location close to the water & shipyards. Multiple TVs for sports & entertainment, as well as a great sound system. A favorite of locals ( lots of longshoremen) & visitors alike come for the cold beer, chill conversation & enticing bartenders. Name & concept is NOT INCLUDED IN THE SALE. Currently is closed down, but was still experiencing growth year over year. An experienced owner may be able to upgrade the license, with city & ABC approval, to a type 48 full liquor license.