Iconic Long Beach Broadway Dist. Bar w/ 47 & Entertainment Licenses
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ESTABLISHED BAR & RESTAURANT OPPORTUNITY - LONG BEACH BROADWAY DISTRICT
TOURS BY APPOINTMENT ONLY - DO NOT DISTURB EMPLOYEES
Business Overview:
Fully operational bar and restaurant with 10+ years of continuous operation in Long Beach's prime Broadway entertainment corridor. Complete turnkey acquisition includes Type 47 Full Liquor License, entertainment permits, commercial kitchen, and established LGBTG+ and broadened customer base.
Operational Infrastructure:
• Full commercial kitchen with complete equipment package
• Expansive bar setup with full beverage program capability
• Type 47 Full Liquor License to 2AM
• Live entertainment permits in place
• Freestanding corner location with high visibility
• Established vendor relationships and supply chains
Lease & Occupancy Costs:
Buyer benefits from below-market occupancy costs with current rent of only $6,500 per month GROSS lease (NO NNN) extending through April 2035, and two additional five-year renewal options, providing long-term operational stability. Monthly rent increases annually by 3%
Location Analytics:
• Heart of Broadway entertainment district
• High foot traffic corridor with established dining/nightlife ecosystem
• Corner positioning provides dual-street exposure
• Proximity to complementary businesses drives cross-traffic
• Strong neighborhood recognition after decade+ operation
Market Position:
• Established customer base with demonstrated loyalty
• Recognized brand presence in local market
• Operational history provides revenue baseline for projections
• Turnkey operation eliminates startup risks and permitting delays
Growth Opportunities:
• Multiple concept adaptation possibilities (craft cocktails, chef-driven dining, live music venue)
• Entertainment license enables revenue diversification
• Full kitchen allows food/beverage margin optimization
• Established location reduces customer acquisition costs vs. new ventures
Competitive Advantages:
• Rare Type 47 license in desirable market
• Complete build-out eliminates construction costs/timeline
• Established operational systems and processes
• Prime real estate position in proven hospitality corridor
Due Diligence Package Available:
• License & permit documentation and transfer procedures
• Equipment inventory and condition reports
• Lease terms and occupancy details
This acquisition opportunity provides immediate operational capability with established market presence, eliminating typical startup risks while positioning for concept evolution and revenue growth in Southern California's robust hospitality market.
TOURS BY APPOINTMENT ONLY - DO NOT DISTURB EMPLOYEES
Business Overview:
Fully operational bar and restaurant with 10+ years of continuous operation in Long Beach's prime Broadway entertainment corridor. Complete turnkey acquisition includes Type 47 Full Liquor License, entertainment permits, commercial kitchen, and established LGBTG+ and broadened customer base.
Operational Infrastructure:
• Full commercial kitchen with complete equipment package
• Expansive bar setup with full beverage program capability
• Type 47 Full Liquor License to 2AM
• Live entertainment permits in place
• Freestanding corner location with high visibility
• Established vendor relationships and supply chains
Lease & Occupancy Costs:
Buyer benefits from below-market occupancy costs with current rent of only $6,500 per month GROSS lease (NO NNN) extending through April 2035, and two additional five-year renewal options, providing long-term operational stability. Monthly rent increases annually by 3%
Location Analytics:
• Heart of Broadway entertainment district
• High foot traffic corridor with established dining/nightlife ecosystem
• Corner positioning provides dual-street exposure
• Proximity to complementary businesses drives cross-traffic
• Strong neighborhood recognition after decade+ operation
Market Position:
• Established customer base with demonstrated loyalty
• Recognized brand presence in local market
• Operational history provides revenue baseline for projections
• Turnkey operation eliminates startup risks and permitting delays
Growth Opportunities:
• Multiple concept adaptation possibilities (craft cocktails, chef-driven dining, live music venue)
• Entertainment license enables revenue diversification
• Full kitchen allows food/beverage margin optimization
• Established location reduces customer acquisition costs vs. new ventures
Competitive Advantages:
• Rare Type 47 license in desirable market
• Complete build-out eliminates construction costs/timeline
• Established operational systems and processes
• Prime real estate position in proven hospitality corridor
Due Diligence Package Available:
• License & permit documentation and transfer procedures
• Equipment inventory and condition reports
• Lease terms and occupancy details
This acquisition opportunity provides immediate operational capability with established market presence, eliminating typical startup risks while positioning for concept evolution and revenue growth in Southern California's robust hospitality market.
About the Business
- Years in Operation
- 13
- Facilities & Assets
- The sale includes an impressive collection of restaurant improvements and equipment allowing a buyer to begin operations with minimal additional investment. Highlights include:
• Approximately 2,700 square foot freestanding restaurant
• Occupancy for up to 299 guests
• Type 47 Full Liquor License
• Live Entertainment Permit
• Fully equipped commercial kitchen with Large Type I Hood, Walk-in refrigeration, Bakers Pride Double Deck Pizza Oven, Hobart 20-Quart Commercial Mixer, Flat Grill, Charbroiler, 2 basket Deep Fryer, Pizza Preparation Station, Multiple Refrigeration Units, Dishwashing Area, and Grease Interceptor
• Two Fully Equipped Bar Wells, & Equipment
• Multiple Flat Screen TVs
• Toast POS System
• Extensive List of (FF&E) included - Market Outlook / Competition
- The Hare is positioned in the Broadway Corridor one of Long Beach’s most active restaurant and nightlife districts, long recognized as a destination for dining, nightlife, entertainment, and neighborhood gathering spot. The surrounding trade area benefits from:
• Dense residential population
• Strong daytime employment
• High disposable household incomes
• Excellent walkability
• Active nightlife
• Continuous year-round customer traffic
The customer base is anchored by neighborhood residents, young professionals, the LGBTQ+ community, happy hour patrons, and weekend nightlife visitors who value independently owned concepts over national chains.
Within a five-mile radius are more than 411,000 residents, Avg. household incomes ≥ $120,000, a strong demographic foundation for restaurant and beverage sales. The surrounding area is also home to national retailers, grocery & entertainment destinations, and restaurant operators that drive customer traffic throughout the day and evening. - Opportunities for Growth
- The greatest value of this opportunity lies in its flexibility. Ownership can immediately capitalize on an established location while tailoring to today’s dining & nightlife trends. The property includes a full bar, entertainment permits, fully kitchen, & significant TI's so the next operator can dramatically reduce startup time and capital expenditures.
Potential growth strategies include:
• Expanding food service and operating hours
• Developing a premium craft cocktail program
• Introducing chef-driven seasonal menus
• Hosting live entertainment and special events
• Creating private party and corporate event revenue
• Increasing weekend programming and LGBTQ+ events
• Leveraging social media and digital marketing
• Introducing brunch, late-night dining
A proven location with long-standing market recognition, valuable licensing, infrastructure, and the opportunity to build upon years of customer familiarity leverages avoiding entitlement, construction, and development risks.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,700
- Rent
- $6,500.00 per month
- Lease Expiration
- 4/30/2035
About the Sale
- Seller Motivation
- Focus on other businesses
- Financing Options
- Casg Down Payment w/ Assumable SBA Loan - Call Broker
Listing Info
- ID
- 2524823
- Listing Views
- 13
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2524823 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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