Mid-Wilshire Cocktail Bar w/No Food Required – Ideal Accessibility!
Los Angeles, CA
| Asking Price: | $525,000 |
| Gross Revenue: | $642,190 |
| Rent: | $10,300 |
| FF&E: | $30,000 |
| Cash Flow: | $133,888 |
| Inventory: | $5,000 |
| EBITDA: | $133,888 |
| Established Year: | 2015 |
Listing ID: 2236703Listing provided by BizBuySell
BUSINESS DESCRIPTION
This cozy and intimate lounge offers a relaxed environment for those seeking a low-key night out in the city. With its soft lighting, comfortable seating, and warm atmosphere, it's an ideal spot to unwind with friends or enjoy a drink. The bar serves a wide variety of craft cocktails, premium spirits, and wines, along with a selection of light bites and appetizers. Guests appreciate the friendly staff and personalized service, making it a great find for those seeking a higher-end neighborhood bar experience.
DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,065
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This 2,065 square foot location leases for $10,300 per month including common area maintenance expense on a lease until April 2025 with options to be determined. All of this venue’s furniture, fixtures, equipment, goodwill and Type 48 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.
Competition
The area is filled with a mix of trendy eateries, classic diners, and upscale gastropubs, each striving to carve out a niche. This venue is able to leverage its busy neighborhood location to cater to its loyal local following.
Growth & Expansion
This venue can benefit from a full-time working owner-operator with bartending and hospitality industry experience that can help to ensure stellar customer service while minimizing labor expenses. Management does outsource functions that may be taken in-house with enormous expense savings.
Financing
Seller will carry a small, secured carry to a creditworthy buyer with sufficient expe
Support & Training
Seller will train for 2 weeks at 20hrs per week or as negotiated
Reason for Selling
Personal
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