$1,195,000
Asking Price
Address: Long Beach,
Locations Available: Long Beach: CA
Status: Active
Posting ID: 288973
10/17/24
Details
Asking Price: $1,195,000
Land Area Call / Email
Zoning:
Building Info
Building Size: 1,200 Sq.Ft
Typical Floor Size N/A
Building Height: N/A
Building Type: 1,200 sq ft + 1,800 patio on 3,148 square foot lot
Parking:
Year Built: N/A
Year Renovated: N/A
Description
This Long Beach bar with a Type 48 liquor license that does not require food service boasts live entertainment, a spacious patio, and an offsite catering permit. Over $200k in recent property improvements include a recently polished and buffed cement floor, a new HVAC system with custom stainless steel exposed ducting, a new custom bar built with a 12 tap system and stainless steel countertop, a new custom built walk-in, a new DJ booth, new electrical and plumbing, and new ADA compliant restrooms, high-end stainless steel fixtures. The facility boasts exposed wood beam ceilings, recent exterior and interior paint, a newly fenced patio, custom sound system with high-end lighting and sound system in the interior and on the patio and interior.
This 1,200 square foot venue with an 1,800 square foot patio is on a 3,148 square foot lot. While this is a property-only sale and financials and business name will not be offered, the business’s assets, including its furniture, fixtures, equipment and related permits and Type 48 liquor license, catering permit, and other entitlements will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close in addition to purchase price.
This neighborhood bar is nestled in a residential and business area that does not place it in as highly competitive environment of many similar Long Beach venues. As such, it has a distinct competitive advantage when it comes to attracting local patrons.
While this venue has been a neighborhood staple since the 1960s, new management can take this property sale in any direction they choose. The venue’s recent improvements and upgrades, flexible layout, and dance and entertainment entitlements make is an attractive opportunity for any number of variations on the current concept or new ones all together.
To get more information about this Bar - With Live Entertainment, Type 48 License business for sale in Long Beach please phone Ryan Clark (Broker - BRE License #:01399346) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #288973 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Bar - With Live Entertainment, Type 48 License, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01399346. The Veld Group.
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