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Studio City Area Bar w/ Liquor & No Food Required – Onsite Parking!
Studio City, California

Asking Price

$365,000

Office Listing #

TragBar
Revenue $500,000 / year Lease Rent $6,600 / month
Cash Flow $100,000 / year Square Feet 1600
Direct Link www.restaurants-for-sale.com/26764

    

This absentee operated Studio City Area bar boasts a Type 48 liquor license with no food requirement, onsite parking, convenient access and loyal client base. The attractive facility, which has been cosmetically refurbished, offers its patrons billiards, games, a juke box as well as a smoking area. This 1,600 square foot bar leases for $6,600 per month on a lease with 9 years remaining and options to be determined. All of the business's furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Liquor inventory will be sold at cost at close in addition to asking price. This venue can enthusiastically be considered a neighborhood dive bar that has been renovated. As such, it does not face traditional competition from trendy hotspots. Rather, it has a stable crowd primarily comprised of loyal local patrons that are supplemented by evening and weekend revelers. This bar is currently absentee operated, however, as with many such venues it could tremendously benefit from an experienced hands-on owner operator.

  

General Information

Organization Sole Proprietorship
Year Established 1970
Current Owners 2006
Employees Contact For Info
Operating Hours Contact For Info
Reason For Sale Personal
   

Facilities

Seating Contact For Info
Square Feet 1600
Parking Contact For Info
Licenses 48
   

Financials

Revenue $500,000 / year
Cash Flow $100,000 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E Contact For Info
 
 

Lease

Lease $6,600 / month  
Expiration Not Available  
Yearly Adjustment Not Available  
Option Not Available  
Deposit Not Available  
     

Financing

Down Payment Contact For Info  
All Cash Contact For Info  
Note Balance Contact For Info  
Term of Note Contact For Info  
 
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Listing Contact

Ryan Clark
phone: 3106528353
R Clark
The Veld Group
phone: (310) 652-8353

www.theveldgroup.com

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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Restaurants For Sale Online, LLC has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness. Read the disclaimer before responding to any ad.

 
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