Hot Listing
Iconic Venice Area Bar w/Built-in Entertainment– Neighborhood Favorite
Business Description
Spacious Outdoor Area, Onsite Parking & Major Recent Reburbishment!
This Iconic Venice Beach area bar and restaurant with a built-in entertainment concept is a neighborhood favorite with locals and visitors alike. The indoor and outdoor venue, which occupies an enormous stand-alone pad space, boasts main street frontage with unparalleled freeway access and an abundance of onsite parking. The premise is comprised of a full-scale restaurant, bar and kitchen, and enjoys an entirely separate structure with a prep kitchen with a large walk-in, manager’s office and more. The facility has an outdoor bar that serves patrons on the venue’s 3 distinct outside areas. The entire space has been remodeled in recent years, with significant capital invested.
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
- 32
- Facilities & Assets
- This 3,500 square foot bar and restaurant with an additional 1,700 square feet of food preparation space is located across 3 lots that total 33k (approx.) square feet. The premise leases for $25k per month, with an additional $1k per month in additional expenses on a lease until April 2027 with one five year option with additional options to be negotiated. All of the business's furniture, fixtures, equipment and Type 48 Liquor License, Type 77 Event Permit and live entertainment entitlements will be included in the sale.
- Market Outlook / Competition
- While competition exists in this highly popular bar and entertainment area, this venue has a 50+ year track record for being one of the neighborhood’s favorite eateries and watering holes for viewing sports, celebrating holidays or attending special events.
- Opportunities for Growth
- New operators may choose to maintain the long-established existing concept or they may capitalize on the stellar location’s buildout, patio, parking lot, liquor and events licenses, and entertainment permit to launch any number of new concepts. Although they have a substantial kitchen and food preparation space, the venue operates with a Type 48 Liquor License. As a result, they can only cater to patrons that are 21 years old and older.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 6,000
- 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
- 2349992
- Listing Views
- 1755
Listing ID: 2349992 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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