Business Summary:
Business for sale is a bar complete with full, seasoned, class 47 ABC alcohol license, entertainment license, and commercial real estate in Wilmington near the Port of Los Angeles, Long Beach, and adjacent to the Longshoreman's Union Hall. The licenses, permits, occupancy, and use permitting allow this business to have a variety of events, parties, live music, bands, and adult entertainment. Because this facility shares an ample parking lot with the Longshoreman's Union Hall and because of it's close proximity to the Port of Los Angeles on a major thoroughfare, a steady and loyal customer base is readily available. There is great potential to grow the business with minimal effort this summer when the contract between the Longshoremen's Union and the Port of Los Angeles is solidified. The ideal buyer may be a person with vision who can remodel the facilities to conform to the spirit and scale of the the new Wilmington Waterfront Development Plan (a beautiful new promenade less than 1/2 block away from the business) while making maximum use of the seasoned, full alcohol license and the rare entertainment license that is to be transferred with the sale of this business. For more information about this exciting business opportunity and real estate property as well as more information about the Wilmington Waterfront Development Plan in relation to this business opportunity, please register at www.bizex.net (at the upper-right corner of the home page) or contact either David or Miles at the phone numbers listed below.
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| Year
Business was Established: 1948 |
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| Number of Employees:
3 FT; 0 PT |
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| Facilities / Terms of Lease:
The site and facilities are land consisting of 4,879 SF and 2,301 SF respectively. The building is a stand-alone wood-frame and stucco construction with a huge, enclosed, outdoor patio. This business and land is located 1/2 block from the Wilmington Waterfront Development site. |
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| Potential
Growth/Expansion:
The full alcohol license, conditional use permits, and entertainment licenses are not being used to their full potential, especially to service events, parties, catering, and adult entertainment. Simply remodeling the premises will improve sales, quality of customers, and equity basis (and appreciation) in the real estate. There is a new market segment and additional growth potential to be captured by targeting the new promenade (Wilmington Waterfront Development) that is to pass nearly directly in front of the business location. Active marketing to the longshoremen and on the promenade may ensure steady and stable increase in sales over time. |
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| Competition:
: Business is temporarily slow while the Longshoremen/Port of Los Angeles contract is being re-negotiated. Once the contract is solidified, there should be a sizeable increase in business and loyal customer base. With the upcoming completion of the Wilmington Waterfront Development (promenade), an upside to business and inherent increase in property value and rents are expected. Run the business as-is, or increase sales, property value, and customer base by remodeling. |
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| Owner
willing to finance:
Call |
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| Owner
willing to train:
Seller will train |
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| Reason for selling:
Retirement |
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Seller Reference Number: BizEx43-DC
BusinessMart.com Listing Number: 34764 |
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To request more information
on this business
please fill out the form shown right 
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