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Businesses For Sale > Business For Sale in Laguna Beach, California (CA)
Laguna Beach Bar & Café w/Liquor, Entertainment, Parking, Patio & Customers for sale in Laguna Beach, CA
Laguna Beach, California (CA)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 249,000 |
$ 420,000 |
$ 82,037 |
Furniture and Fixtures Value:
(included in the asking price)
Inventory Value:
$ 5,000 (not included in the asking price)
Business Summary:
This absentee owned Laguna Beach Cafe and Bar is located in a high pedestrian and drive by traffic location with fantastic visibility and a built-in client base. The venue offers great patio seating, a full-bar, and a lot offering free parking in a location where spaces remain at a premium. The venue also enjoys the ability to serve liquor and offer patrons live entertainment (within reason due to noise constraints). While this business has proven that it can thrive as a bar and live music venue with a limited daytime offering, it can also be a formidable cafe operation with a full breakfast, lunch and dinner offering!
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| Year
Business was Established: 2008 |
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| Number of Employees:
10 PT |
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| Facilities / Terms of Lease:
This prominently located 2,500 square foot facility leases for only $4,000 per month plus $750 in common area maintenance expenses on a lease that provides coverage until 2018! The sale includes all of the business’s assets including a spacious kitchen with a full line, a walk-in cooler, a dishwasher, plenty of dry storage, and approx. $30,000 in new sound and light equipment. The venue can accommodate 88 patrons. |
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| Potential
Growth/Expansion:
As the current owner is entirely absentee this venue would save tremendously from an on site working owner, while ensuring the business runs as an efficient, customer service oriented operation! New owners may seek to take this business in several directions. They may revitalize the evening bar and entertainment offering to reestablish it as a leading area lounge; they may launch a cafe concept to capitalize on the built-in traffic and ideal location with heavy local and tourist foot traffic; or they may alter the lounge’s promotion to a different theme such as organic or European café or bistro, sports bar or gay oriented. |
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| Competition:
Laguna Beach is the quintessential beach community with a great deal of tourist traffic. As such, many eating and drinking venues exist, however, the vast majority cannot offer live entertainment or free parking, and do not have a somewhat built-in client base as this operation does – thus providing it a sustainable long term competitive advantage. |
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| Owner
willing to finance:
Not Offered |
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| Owner
willing to train:
2 wks at 20 hrs/wk |
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| Reason for selling:
Personal |
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Seller Reference Number: LagunaBar
BusinessMart.com Listing Number: 114154 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Ryan Clark
The Veld Group
310-652-8353
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