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Downtown Los Angeles Bar & Lounge – Unique East Coast Ambiance!
Business Description
This Downtown Los Angeles bar and lounge boasts a highly unique and sophisticated east coast vibe that is reminiscent of a venue that one may visit in Boston, New York or D.C. The bar and lounge offers patrons food options prepared in its fully outfitted kitchen, however, since it has a coveted Type 48 Liquor License it is not required to.
This is not an SBA candidate as financials will not be provided in the sale.
This is not an SBA candidate as financials will not be provided in the sale.
About the Business
- Years in Operation
- 19
- Facilities & Assets
- This 2,236 square foot bar leases for $ 8,918 per month plus $4,526 NNN expenses on a lease until 9/2026 with one five year option to be negotiated, with a rate anticipated to be at fair market value at the time its exercised. All of the business's furniture, fixtures, equipment and Type 48 Liquor License will be included. Approximately $10k in alcohol inventory will be sold at cost at close in addition to the asking price.
- Market Outlook / Competition
- The downtown Los Angeles market has no shortage of drinking and dining options, however, most of its bars with Type 48 Liquor Licenses would be characterized as ‘dive bars.’ This venue is clearly the exception to that rule. Its high traffic location, rich decoration and stellar access, visibility and client base set this venue apart.
- Opportunities for Growth
- New operators will likely wish to maintain this tidy operation “as is” or implement their own menu or concept. As this venue it absentee operated, it could benefit from one or more customer service-oriented owner-operators with hospitality industry experience.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,226
- Rent
- Not Disclosed
About the Sale
- Seller Motivation
- Personal
- Transition Support
- As negotiated
- Financing Options
- May consider a small secure carry to facilitate an SBA loan.
Listing Info
- ID
- 2350031
- Listing Views
- 1424
Listing ID: 2350031 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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