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Highland Park Area Beer & Wine Bar with Great Visibility

California, Highland Park Area
Asking Price $275,000.00
Gross Income $599,636.00
Cash Flow $599,636.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • Tavern

  • Bar Restaurant
Overview
This Eagle Rock / Highland Park Area Beer and Wine bar boasts great street front visibility and a loyal following in this highly sought after area. All of the business's furniture, fixtures, equipment, goodwill, Type 42 Beer and Wine License, Type 58 Catering License and an estimated $80,000 in leasehold improvements will be included in the sale.
Business Details
Location and Facilities: This 910 sq. ft. facility leases for $1,750 per month on a lease that expires in October 2017, and includes a 5 year option. The conditional use permit provides for alcohol sales until 11 pm nightly.

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: While the current owner has certainly carved out a market niche for its offering, there are many ways that a new owner-operator may seek to further grow the concept, or modify the concept to specifically cater to craft beer enthusiasts, wine aficionados, or those who enjoy the creative specialty mocktails that one can now offer with wines. The location boasts excellent street visibility, freeway access and is in a prime location. Competition: This bar has a unique concept, and caters to a continuously growing and highly loyal client base as it is the only bar of its kind in the immediate area.

Reasons for Selling: Personal

Financing:

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