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Santa Monica Area Live Music Venue w/Beer & Wine!

California, Santa Monica
Asking Price $300,000.00
Gross Income $500,000.00
Cash Flow $500,000.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Bar Restaurant
Overview
This Santa Monica / West Los Angeles live music venue with beer and wine offers its buyer a fantastic venue with an unparalleled location and limited immediate competition. This bar is a local favorite with its loyal patrons due to its craft beer offering, wine selection, and variety of live independent music shows in a comfortable, relaxed and unpretentious atmosphere. The very simple, turnkey operation has a seasoned staff and is already equipped for simple food preparation (it does not have a hood, nor is food service required).
Business Details
Location and Facilities: This 1,500 square foot facility leases for $3,500 per month on a lease until November 2013, with two 5 year options to renew. All of the business s furniture, fixtures, equipment, goodwill, lease rights, permits and Type 42 Beer and Wine License are included in the sale.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: The bar and live entertainment venue does not charge cover fees, nor does it take full advantage of its potential food service offering. New owners may seek to re-evaluate both potential areas for additional growth. New management may also seek to host additional themed nights, parties, sports related festivities, etc. Competition: Live entertainment venues are very popular in the Greater West Los Angeles and Santa Monica areas due to their ideal demographic of college and post college age students, independent music fans and social revelers with discretionary income. This venue is ideally located to act as a neighborhood bar, as well as to attract independent music fans from near and far.

Reasons for Selling: Personal

Financing:
Available
Seller will finance 20% ($60,000 down).

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