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For Sale: Bar-Live Entertainmentand Type 48 License - Long Beach, California

$390,000.00

Asking Price

  • Address: Long Beach,

  • Status: Active

  • Posting ID: 281965

  • 8/2/23

Long Beach Bar-Live Entertainmentand Type 48 License Business For Sale

Description

This popular Long Beach area live music venue has been a hit with patrons since the middle 1970s. The 2,500+ square foot venue has entitlements for live entertainment, DJs, and dancing. The venue, which is nestled in a popular Long Beach neighborhood, boasts an eclectic offering comprised of club nights and recorded music as well as a variety of style offerings to satisfy a diversity of tastes and entertainment preferences. The business's old-school dive bar character, pool tables, and lively crowd help to foster an ideal atmosphere for spirited evening entertainment.

This 2,530-square-foot venue leases for $5,252 per month including common area maintenance (CAM) expenses on a lease until July 2026 with one 5-year option. All of the business's furniture, fixtures, equipment, Type 48 Liquor License, and goodwill will be included in the sale. An estimated $5,000 inventory will be sold at cost a cost in addition to the purchase price. As this venue is located in a popular drinking and entertainment district of Long Beach, the business clearly faces competition from a variety of alternate venues.

With that said the 50+ year-old business remains an incumbent go-to bar for certain types of entertainment, genres and live entertainment, and more. As such notoriety cannot be easily replicated, the business's longstanding reputation and tremendous goodwill will provide it with a unique long-term competitive advantage! New operators will likely want to capitalize on the special place this venue has held in generations of patron's hearts by adding and complementing the strong foundation that has already been established. This may include further expanding the entertainment offerings, opening in the early evenings to lengthen service hours, hosting special events prior to live music or DJ performances, and more. Of course, the business can certainly benefit from the experience of a seasoned hospitality owner-operator that can minimize costs and ensure an optimal drink menu offering and customer service experience.

To get more information about this Bar-Live Entertainmentand 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 #281965 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Bar-Live Entertainmentand 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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Contact

  1. Name: Ryan Clark
  2. phone iconPhone: 310-652-8353

Details

  1. Asking Price: $390,000.00

  2. Down: Call/Email

  3. Cash Flow: Call/Email

  4. Revenue:    $200,000.00

  1. Area: Long Beach

  2. City: Long Beach

  1. Attributes:

    Broker CooperationFor Sale By OwnerLicense (Liquor, etc.)

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Related Links & Information Regarding This Posting

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