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Santa Monica, Los Angeles County, California
Bar - With Full Kitchen, Great Atmosphere
Asking Price
$425,000
Revenue
$94,524
Down
$525,000
Cash Flow
$30,653
Description
This bar with a full kitchen is located in the greater Santa Monica area. The bar is widely considered to be the best in the area and is known for its menu offerings and convivial atmosphere. The menu offers a range of dishes from classic comfort foods to innovative culinary creations, along with a selection of craft cocktails and local beers. The venue often hosts live music events, contributing to its lively ambiance and making it a favored spot for both locals and visitors seeking good food, drinks, and entertainment.
This 2,400 square foot location leases for $10k per month on a lease until August 2028 with one 5 year option to extend. The venue boasts 2 walk-in coolers, new plumbing and electric with a buildout that is under 10 years old, a 10-tap beer system, a manager’s offer as well as onsite parking. The bar and restaurant has an official occupancy for 95 patrons, but can accommodate up to 125. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.
Although the greater Santa Monica area is considered to be a highly competitive marketplace for bars and restaurants, this market leader is located in a highly coveted area that caters to its own neighborhood market segment. As a result, the location enjoys a bit of insulation from the more touristy areas with fierce competition.
New management will likely want to capitalize on a formula that has proven successful, while being mindful of several expense categories that amount to over $200k in costs, that may be reduced via in-house staff coupled with an active owner-operator.
This 2,400 square foot location leases for $10k per month on a lease until August 2028 with one 5 year option to extend. The venue boasts 2 walk-in coolers, new plumbing and electric with a buildout that is under 10 years old, a 10-tap beer system, a manager’s offer as well as onsite parking. The bar and restaurant has an official occupancy for 95 patrons, but can accommodate up to 125. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.
Although the greater Santa Monica area is considered to be a highly competitive marketplace for bars and restaurants, this market leader is located in a highly coveted area that caters to its own neighborhood market segment. As a result, the location enjoys a bit of insulation from the more touristy areas with fierce competition.
New management will likely want to capitalize on a formula that has proven successful, while being mindful of several expense categories that amount to over $200k in costs, that may be reduced via in-house staff coupled with an active owner-operator.
To get more information about this Bar - With Full Kitchen, Great Atmosphere business for sale in Santa Monica, California please contact Ryan Clark (Broker - BRE License #:01399346) at contact@theveldgroup.com or 310-652-8353
Posting Information
Posting ID:
286430
Business Category:
Restaurants & Food
Business Types:
Bar, Pub, Sports Bar, Lounge, Tavern
Keywords:
fsbo
Santa Monica
los angeles county
california
bar
Attributes:
Broker Cooperation
For Sale By Owner
License (Liquor, etc.)
Owner/Seller Financing
Training And Support
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Posting Title
Bar - With Full Kitchen, Great Atmosphere
Posting ID
#286430
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NDA Signed Successfully!
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Agent, Broker or Seller Contact
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