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Businesses For Sale   >>   San Diego Businesses For Sale   

Classic East County Bar With Liquor & Live Music

Location  San Diego, California, United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $1035636
Net Profit / Cash Flow  $256065
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1950
Number of Employees  20 - 34
Inventory  75000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
This classic East County San Diego Bar with liquor, live music, dancing, ideal parking and dedicated parking lot comes to market with over 50 years of history, a loyal customer following, and annual revenues of nearly $1,000,000. The sale includes a Type 48 Liquor License that does not require food service, however the business offers its customers a unique meal offerings several times per week. Entertainment includes DJ's, bands, dancing, football Sundays and karaoke, and is open until 2 am 7 days per week. The facility, which also includes a large outdoor patio, was recently remodeled and upgraded with new equipment and fixtures, making it a truly turnkey operation. This 3,500 square foot facility (plus patio) leases for $4,200 per month including common area maintenance expense. The lease is valid until 2018 with two five-year options. The sale includes all the business assets including the furniture, fixtures, equipment, trade name, website, liquor license and goodwill. Inventory, estimated at $20,000, will be sold in addition to the asking price and valued at cost at close. Competition is considered to be medium as other bars exist in the area, however none have the history, permits, license, or ideal patio that this bar possesses providing it a sustainable advantage. Though the business has existed for over 50 years, there is still some room to grow. A new owner may seek to modify the entertainment schedule, drink specials, happy hour and food offering to generate additional revenues and bolster profits. They may also wish to further capitalize upon this venue's unique outdoor patio space.


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