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Hermosa Beach Area Bar with Property 3 Income Producing Tenants

California, Hermosa Beach Area
Asking Price $985,000.00
Gross Income $217,000.00
Cash Flow $217,000.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • Liquor Bar Lounge

  • Bar Restaurant
Overview
This well established South Bay bar with a Type 48 Liquor License has been a local favorite to enjoy live entertainment, watch sports, play billiards, or just enjoy the laid back atmosphere the bar offers. This eclectic tavern operates in a clean, simplistic manner that has allowed the owner to not be involved in its daily operation. In Los Angeles County it is rare to find taverns without a food requirement for sale, let alone including the property. This is a very special opportunity for both a hands on operator to build off the already successful business or the land owner looking for a stable, income producing property.
Business Details
Location and Facilities: This 1,000 square foot location is nestled in between 2 other tenants that of approximately the same size. The sale includes all of the business s assets including a pool table, flat screen TV s, sound system, full bar with tap system and a surveillance system to monitor on site or off. The staff run bar can serve until 2 am and has room to expand hours if desired.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: As the seller has been pleased with the bar s consistent financial returns, they have adopted a strategy of if its not broken, don t fix it . As such, several avenues for growth exist. New owners may seek to offer more draft beers or possibly implement limited food service. This bar has been a neighborhood favorite local tavern with its patrons for years. While competition exists, this concept driven location on a major thoroughfare offers access and parking that is tough to compete with for its loyal clientele.

Reasons for Selling: Personal

Financing:
Available
Seller will carry 40% with 60% down; terms to be determined.

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