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Sports Bar With Type 47 Full Liquor, Music, Entertainment, Patio, 4000 Sq.ft. for sale in El Monte, CA

El Monte, California (CA)

Asking Price: Gross: Cash Flow:
$ 200,000 $ 618,108 $ 74,220

Business Summary:
Sports Bar With Type 47 Full Liquor, Music, Entertainment, Patio, 4000 Sq.ft.RRC#: 2693 Asking Price: $200,000 Location: El Monte, Los Angeles County, California Yearly Revenue: $618,108 Yearly Cash Flow: $74,220 Monthly Rent: 5000 gross LISTING DESCRIPTION: This is a established restaurant that was remodeled and rebranded as Sports bar last August and sales continue to go up each month with very little competition in the area. Crowds gather for football, college sports, boxing and more. The restaurant has a type 47 license and is permitted for live entertainment and karaoke. They serve up burgers, wings, tacos, appetizers and salads. Features two bar areas, main dining room with fireplace, additional private dining room with 20 seats and separate enclosed patio. Seats up to 115. Open for lunch and dinner 7 days a week, can accommodate large parties and banquets, with parking. Equipment includes: 20 ft. hood, wall tap for 16 beers, 3 ft. grill, 10 burner stove top, fryer, 2, 6 ft. salad prep stations, 4 ft. prep station, 2 double fryers, 6 ft. freezer, single door freezer, 3 door refrigerator, ice maker, walk-in refrigerator, 6 microwaves, soda fountains, ice cream refrigerator, 11 flat screen TV''s. NAME NOT INCLUDED but menu is. GENERAL INFORMATION:Organization: LLC | Year Established: 1983 | Current Owner: 2015 | Employees: 6 part time 4 full time | Seating: 115 | Square Footage: 3995 | Parking: parking lot attached | Licenses Required: ABC, City, Health Dept. | Days Open/Hours: Open daily 11am-10pm, closing at 12am Fri and Sat | Reason For Sale: Other Interests | FINANCIAL INFORMATION:Yearly Revenues: $618,108 | Yearly Cash Flow: $74,220 | LEASE INFORMATION:Monthly Rent: 5000 gross | Lease Expiration: 2020 | Yearly Adjustment: 2 to 3% | Lease Option: 2- 5 year | Security Deposit: 5000 |

 

   
Seller Reference Number: 2693
BusinessMart.com Listing Number: 209120
 

 

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For more info contact:

Steve Zimmerman

Restaurant Realty Company
415-945-9701

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