Business Summary:
This stable Redondo Beach Area local beer and wine bar with consistent profitability present the aspiring bar owner the type of opportunity that many seek but rarely find. That is, a local bar that is neither particularly hip nor trendy – and therefore – simple to run, stable and manageable. What’s more, this bar offers a buyer one of the most valuable asses of all – a high percentage of cash in the operation coupled with an agreeable, buyer friendly landlord who seeks to have a successful long-term tenant. The bar, with an indoor and outdoor patio, has an occupancy of over 100 person, and offers patrons billiards, video games, music, televisions, and live entertainment.
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| Year
Business was Established: 1980 |
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| Number of Employees:
3 FT / 1 PT |
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| Facilities / Terms of Lease:
The 1,800 square foot beer and wine bar has a parking lot, patio, storage area, two restrooms and a manager’s office. The facility leases for $5,000 per month, on a long-term lease with term and options to be negotiated (the seller is the landlord but no, he does not seek to sell). The facility has a 15 foot by 11 foot bar, as well as a large walk-in refrigerator / cooler. All of the equipment, except for the video games, are owned outright and will be included in the sale. |
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| Potential
Growth/Expansion:
This venue has been and consistent and stable earner since the 1980s. As such, with the exception of working there themselves, a buyer may not seek to make any modifications to the venue. Opportunities for increased profitability include increased promotions, which may include more frequent concert and event (boxing, UFC fights, sports, etc.) offerings, or special celebrations (larger Cinco de Mayo, St. Patrick’s Day, etc. events). At present, the bar’s simplicity and ‘local’ entertainment mix have provided it a recipe for continued success. |
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| Competition:
The local bar market in the South Bay and its surrounds continues to thrive despite the downturn that has been experienced in beachside tourist bars. This location is a stable earner that enjoys a loyal local, cash-paying patronage. |
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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: SBLocalBar
BusinessMart.com Listing Number: 63007 |
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