Loading…

For Sale: Bar - Type 48 Liquor License, Semi Absentee - Glendale, California

$429,000.00

Asking Price

  • Address: Glendale, 91204.

Description

For sale is a centrally located bar in an area that is well-known for its dining and entertainment options. It's an upscale prime location in the Glendale entertainment district (no CUP needed) with lots of cars and foot traffic. The atmosphere and vibrant community make it a go-to destination ensuring a steady flow of customers all week long. Everything is well maintained, and it is fully furnished with rustic/contemporary décor, a high ceiling, amazing sound and light systems, and an attractive bar counter with 17 seats. All these amenities create an inviting ambiance for all guests to enjoy.

The building size is 2,000 sq ft., rent is 13,300/month, run by 8 employees, gross annual sales are $735,000 and the net income is $130,000.This business was established 11 years ago, 6 with the present owner. Its equipment includes; a walk-in cooler, 6 under-counter refrigerators, an ice maker, a dishwasher, 20 tap draft beer system, 5 compartment sink, 3 POS systems “Aloha”, 8 big screen TVs to capture the sports fans, and more. This venue is known as a whisky bar with craft cocktails and fine wine. It seats 145 patrons inside and 8 on the front patio where they can enjoy their drinks and cigars.

It opens for 7 days from 5:00 Pm - 2:00 Am. This is a semi-absentee run business. A new buyer can add food items; snacks, coffee, etc., and benefit from the great location, size, and exposure to grow the business to its full potential. A total of 20-25 years lease is available. A public parking structure is in the back street, as well as a valet service. All equipment, furniture, fixtures, type 48 liquor license, and $80,000 worth of inventory are included in the sale. The owner has a different interest and will entertain any reasonable offer.

To get more information about this Bar - Type 48 Liquor License, Semi Absentee business for sale in Glendale please phone Michael Raad (Broker - BRE License #:00984305) at 626-215-4563 and 626-204-2319 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #282996 on BizBen.com. In addition to phoning Michael Raad, make sure you email Michael Raad above to get more info about this Bar - Type 48 Liquor License, Semi Absentee, to ask any questions or request an appointment to see this business for sale. Thank you. License # 00984305. Century 21 Golden Realty.

Show more

Contact

  1. Name: Michael Raad
  2. phone iconPhone: 626-215-4563
  3. phone iconPhone: 626-204-2319

Details

  1. Asking Price: $429,000.00

  2. Down: $429,000.00

  3. Cash Flow: $130,000.00

  4. Revenue:    $735,000.00

  1. Area: Glendale

  2. City: Glendale

  1. Attributes:

    Semi-Absentee RunTraining & SupportLicense (Liquor, etc.)

My Notes About This Listing

1000 Character Limit. Write notes about this posting above. Just a reminder, your changes are not saved until you click the Save My Changes button.
Related Links & Information Regarding This Posting

Email Michael Raad Below About This Posting


Today’s Featured Businesses, Franchises, Opportunities For Sale On BizBen

Featured Resources, Advisors, & Intermediaries

Popular Blog Posts & Articles On BizBen Today

Popular Discussion Posts On BizBen Today