Bar, Pub, Sports Bar, Lounge, Tavern Businesses for Sale in Santa monica, California
Santa Monica, California
Bar, Pub, Sports Bar, Lounge, Tavern
3 results for "Bar, Pub, Sports Bar, Lounge, Tavern" businesses in "Santa Monica, California"
Santa Monica, California
Bar, Pub, Sports Bar, Lounge, Tavern
3 results for "Bar, Pub, Sports Bar, Lounge, Tavern" businesses in "Santa Monica, California"
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Santa Monica, California
Beachside Bar and Restaurant w/Great Street Visibility – Famous Retail Area!
$ 325,000
This newly built-out sports bar and lounge, which is located in a high traffic pedestrian corridor between two major Los Angeles area landmarks, offers excellent street visibility and sidewalk seating. The bar boasts a vibrant atmosphere where guests enjoy live sporting events, elevated American bar fare, craft beverages, and social gatherings in a high-energy setting. The venue is designed to bring fans and communities together, as it features multiple large-screen displays, a diverse food and drink menu, and spaces suited for everything from casual meetups to watch parties and private events. The bar provides a combination of entertainment, hospitality, and community-focused experiences makes it a popular destination for sports enthusiasts and social diners alike. The business operates in a highly competitive hospitality market that is popular with locals and international tourists. The sports bar competes with nearby gastropubs, cocktail bars, pubs, and restaurants. Competitors often differentiate themselves through atmosphere, food quality, beverage selection, and customer experience. This venue stands out for his live sports and special events focus. The new bar and lounge has strong growth potential through increased marketing efforts, expanded event programming, strategic partnerships, and enhanced food and beverage offerings. Opportunities include hosting watch parties, private events, corporate gatherings, and community-focused activities to drive traffic and increase revenue. It stands to benefit from a full-time working owner-operator with hospitality industry experience.
Santa Monica, California
Santa Monica Beer & Wine Bar with no Food Required – Eclectic Concept
$ 145,000
CF : $ 58,325
This Santa Monica nightlife venue is known for its eclectic atmosphere, and bohemian crowd comprised of neighborhood denizens, students, and area revelers. The venue has managed to create an appealing casual beer and wine bar vibe with a stylish, modern edge, making it a popular destination for social gatherings, casual nights out, and weekend outings. Due to this bar’s focus on quality drinks in a warm, welcoming, friendly environment, and catering to their neighborhood customer base, the venue has become the go to establishment that’s a local favorite for area residents. The Santa Monica bar market is divided into 4 distinct categories. There is the Main Street Santa Monica market, the 3rd Street Promenade / Montana market, the East Santa Monica / Brentwood market, and the Santa Monica City College market. The venue would greatly benefit from an experienced, customer service–driven owner-operator that works at the absentee managed venue. Such a party will not only stand to save on the majority of payroll the $46k in labor costs, but they can also ensure stellar customer service and maximum revenue sales. Management can take advantage of the venue’s newly installed audio-visual system to host sporting events and holiday parties, and may explore using the space for private parties, karaoke or comedy (with entertainment permits), or for daytime use. They may also consider the addition of beer and wine tasting events, or offering limited food service that does not require a hood. The business is supported by a strong social media presence with over 13.5k engaged local followers, established collaboration with a nearby restaurant for seamless food ordering and catering, and scalable event and marketing concepts that offer significant potential for future growth and brand expansion.
Santa Monica, California
Bar - With Full Kitchen, Great Atmosphere
$ 425,000
CF : $ 30,653
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.
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