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Listing View: Santa Monica / W. Los Angeles Area Live Music Venue w/Beer & Wine! - Santa Monica, California


Santa Monica / W. Los Angeles Area Live Music Venue W/beer & Wine!
Santa Monica, California

Offered at:
$299,000

Office Listing #   BearBar
Revenue: $300,742 / year
Cash Flow: $124,000 / year
Lease Rent: $3,500 / month
Square Feet: 1500

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 Listing Description

This Santa Monica / West Los Angeles live music venue with beer and wine offers its buyer a fantastic venue with an unparalleled location and limited immediate competition. This bar is a local favorite with its loyal patrons due to its craft beer offering, wine ion, and variety of live independent music shows in a comfortable, relaxed and unpretentious atmosphere. The very simple, turnkey operation has a seasoned staff and is already equipped for simple food preparation (it does not have a hood, nor is food service required). This 1,500 square foot facility leases for $3,500 per month on a lease until November 2013, with two 5 year options to renew. All of the business’s furniture, fixtures, equipment, goodwill, lease rights, permits and Type 42 Beer and Wine License are included in the sale. Live entertainment venues are very popular in the Greater West Los Angeles and Santa Monica areas due to their ideal demographic of college and post college age students, independent music fans and social revelers with discretionary income. This venue is ideally located to act as a neighborhood bar, as well as to attract independent music fans from near and far. The bar and live entertainment venue does not charge cover fees, nor does it take full advantage of its potential food service offering. New owners may seek to re- evaluate both potential areas for additional growth. New management may also seek to host additional themed nights, parties, sports related festivities, etc.

General Information
Contact Information
Organization:   Sole Proprietorship
Year Established:   2008
Current Owner:   2008
# of Employees:   12
Square Foot/Size:   1500
Parking:   Parking Lot and Street
License(s) Required:   Contact For Info
Reason For Sale:   Personal
     
Financial Information
Revenue:   $300,742 / year
Cash Flow:   $124,000 / year
Payroll:   Contact For Info
FF&E:   $25000
     
Lease Information
Lease Rent:   $3,500 / month
Lease Expiration:   11/2013
Lease Option:   2 – 5 Year Options
Listed by:   R Clark
 The Veld Group
Email: Email Seller
Phone:  (310) 652-8353
Website:  www.theveldgroup.com
Listings:  See All Listings by Broker
Profile:  View Broker Profile
      Confidential Statement: Download


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The information in this listing has been provided by the seller or broker stated in the contact section of the listing profile. As such, Business For Sale Exchange has no claim in the sale of this business and has not independently verified any of such information and assumes no responsibility for its accuracy or completeness.
 
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