Mid-Wilshire Cocktail Bar w/No Food Required – Ideal Accessibility!

Asking Price$525,000

Cash Flow
$133,888

EBITDA$133,888

Gross Revenue$642,190

Inventory$5,000
Not included in asking price
FF&E$30,000
Included in asking price
Representative PhotoSave

Mid-Wilshire Cocktail Bar w/No Food Required – Ideal Accessibility!


Asking Price$525,000

Cash Flow
$133,888

EBITDA$133,888

Gross Revenue$642,190

Inventory$5,000
Not included in asking price
FF&E$30,000
Included in asking price

Seller Financing Available
Business Description
This cozy and intimate lounge offers a relaxed environment for those seeking a low-key night out in the city. With its soft lighting, comfortable seating, and warm atmosphere, it's an ideal spot to unwind with friends or enjoy a drink. The bar serves a wide variety of craft cocktails, premium spirits, and wines, along with a selection of light bites and appetizers. Guests appreciate the friendly staff and personalized service, making it a great find for those seeking a higher-end neighborhood bar experience.
About the Business
Years in Operation
10
Employees
3
Facilities & Assets
This 2,065 square foot location leases for $10,300 per month including common area maintenance expense on a lease until April 2025 with options to be determined. All of this venue’s furniture, fixtures, equipment, goodwill and Type 48 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.
Market Outlook / Competition
The area is filled with a mix of trendy eateries, classic diners, and upscale gastropubs, each striving to carve out a niche. This venue is able to leverage its busy neighborhood location to cater to its loyal local following.
Opportunities for Growth
This venue can benefit from a full-time working owner-operator with bartending and hospitality industry experience that can help to ensure stellar customer service while minimizing labor expenses. Management does outsource functions that may be taken in-house with enormous expense savings.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,065
Rent
Not Disclosed
About the Sale
Seller Motivation
Personal
Transition Support
Seller will train for 2 weeks at 20hrs per week or as negotiated
Financing Options
Seller will carry a small, secured carry to a creditworthy buyer with sufficient expe
Listing Info
ID
2236703
Listing Views
1894

Contact Seller

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Business Listed by: Ryan Clark The Veld Group

Listing ID: 2236703 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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