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Torrance Area Beer & Wine Dive Bar w/Smoking Patio - Live Entertainment!
Torrance, California

Asking Price

$120,000

Office Listing #

LomBeer2
Revenue $315,698 / year Lease Rent $6,000 / month
Cash Flow $30,000 / year Square Feet 1500
Direct Link www.restaurants-for-sale.com/29092

    

This Torrance Area beer and wine combination hipster / dive bar is a great local sports bar during the day and a uniquely eclectic place with live bands and DJ’s at night. The free standing bar boasts an enclosed smoking patio that patrons may consume alcohol on. This historically profitable venue presents the aspiring bar owner the type of opportunity that many desire but can rarely find. That is, a “local favorite” place with historical goodwill that is simple to run, easily manageable, has growth potential and offers live entertainment without a food service requirement. What’s more, this bar offers a buyer one of the most valuable assets of all – a high percentage of cash in the operation coupled with an agreeable, buyer friendly landlord who seeks to have a successful long-term tenant. The bar, with an indoor and outdoor patio, has a 100 plus person occupancy and offers patrons billiards, video games, live, DJ or recorded music and television. The 1,500 square foot beer and wine bar with a smoking patio has a parking lot, storage area, two restrooms and a manager’s office. The facility leases for $6,000 per month on a long-term lease with reasonable tenant friendly increases anticipated on a long-term lease or its option periods. The facility has a 15 foot by 11 foot bar, as well as a large walk-in refrigerator / cooler and two billiards tables. The local neighborhood bar market in the South Bay and its surrounds tends to be more stable than the more seasonal beachside tourist oriented venues. This location was historically a stable earner that enjoyed a loyal local, cash-paying patronage. This venue had been an earner since the 1960s. With the exception of working there themselves, a buyer may implement the former concept with any major venue modifications. Opportunities for increased profitability include the implementation of food service, promotions, which may include more frequent concert and event (boxing, UFC fights, sports, etc.) offerings, or special celebrations (larger Cinco de Mayo, St. Patrick’s Day, etc. events). Historically, the bar’s simplicity and ‘local’ entertainment mix had provided it a recipe for continued success – but room for growth still exists!

  
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General Information

Organization Sole Proprietorship
Year Established 1960
Current Owners 2016
Employees 6pt
Operating Hours Contact For Info
Reason For Sale Personal
   

Facilities

Seating Contact For Info
Square Feet 1500
Parking Contact For Info
Licenses Contact For Info
   

Financials

Revenue $315,698 / year
Cash Flow $30,000 / year
Payroll Contact For Info
Inventory Contact For Info
FF & E Contact For Info
 
 

Lease

Lease $6,000 / 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

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

www.theveldgroup.com

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