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Businesses For Sale   >>   Banquet Businesses For Sale   

Restaurant & Sports Bar With Liquor & Entertainment

Location  California,United States
Asking Price Range  $250K - $500K
Gross Revenues  $800000
Net Profit / Cash Flow  $60000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  1989
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks at 20 hours/week
Reason for Sale  Personal

Description  
This Downtown Los Angeles restaurant and sports bar boasts liquor, entertainment, a bar, stage, disc jockey booth, karaoke, banquet room, and plenty of flat screen televisions for sports and event viewing. Given its ideal location to attract the built-in crowds of the Arts District, Little Tokyo and the Financial District, new owners will be able to capitalize on the broad range of options which they can take this business in. Asking Price $400.000. This 6,000 square foot facility leases for $7,000 per month on a lease with 6 years of remaining coverage. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. Competition exists on several levels as this venue is located in an area with a high concentration of bars and restaurants. That said, there is little direct competition in the immediate vicinity that have the comprehensive set of offerings and entitlements that that this venue has. Since the current concept is successful, new owners will likely wish to capitalize on its success while continuing to grow it. The current only does very limited, and very targeted yellow page marketing. New operators will wish to heavily promote the evening entertainment offering to ensure the venue has a packed-house nightly.


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