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Busy Neighborhood Dive Bar-High Net

Los Angeles County, CA
listing image
Asking Price:$590,000
Inventory:$15,000
EBITDA:$240,000
Gross Revenue:$1,040,000
Rent:$4,500/Month
Listing ID: 2312727Listing provided by BizBuySell
BUSINESS DESCRIPTION

Torrance Area

Established neighborhood bar, loyal customer base with over $1 million net sales for 2024 & high net income! Money Maker & Semi Absentee Run. Sales are 65% liquor = higher profit percentage. The bar holds a 48 license and has a small but successful kitchen. Food is optional with license. 1500 square foot bar plus separate storage room. Bar offers games, NFL & Sports, pool table, juke box, karaoke and DJ's nightly on stage. Many improvements made in the last 2 years including plumbing, new electrical panel, new a/c and attic insulation, new water heater, and more. Sales and profits have increased steadily for 3 years and continue to grow. Very attractive 10-year lease with 7 years remaining. Rent $4500 with No triple net or increases with 3 years remaining, in 2027 $5000 total for 5 years with no increases. Sellers are motivated to sell to purchase a larger business. Sale includes 48 license, FF&E, name and menu.
High Cash Flow
2024 Owners Salaries = $165k
2024 Business Loan payments made $15,162.82
Jukebox and Pool table conservative estimated profit = $17,000

DETAILED INFORMATION
Location
Los Angeles County, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Lease Expiration
10/01/2032
Growth & Expansion
Possible growth: Full time owner/manager could easily improve pour cost expense. Day time business/ breakfast/brunch has great potential but not yet attempted because of owner's work hours. Prices are very cheap and could be raised based on competition in area. Advertising was occasionally done on Instagram, could be vastly improved.
Support & Training
2 weeks on site if needed. Any future consultations as needed
Reason for Selling
Purchasing larger business with sale proceeds
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