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Lakewood, Los Angeles County, California
Lakewood Area Cocktail / Dive Bar – Absentee Operated!
Asking Price
$325,000
Revenue
$32,000
Down
$325,000
Cash Flow
Call/Email
Description
This 2,278 SF location will lease for $5,000 per month on a new 5 year lease with one 5 year option to extend. All of the venue’s furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. An estimated $3k in inventory will be sold at cost at close in addition to purchase price. The venue boasts a recent $350k remodel, with full plumbing and electrical being renovated down to the studs. The facility owns its pool table and ice machine, and has a walk-in keg cooler, 16 beers on tap, 9 flat screen TVs, 7 high top tables and 2 booths. The juke box is on a 50% split.
Currently absentee owner. Could benefit from hands on owner and expanding hours.
Nearby venues often attract patrons with themed nights, pool tables, and late-night hours, appealing to the same crowd looking for a laid-back yet social atmosphere. However, many competitors lack the combination of consistently rotating events, upscale touches, and wide drink selections, giving this spot an edge in standing out within a densely packed bar scene.
As the venue is absentee operated, it could benefit from a hands on owner-operator with hospitality industry experience, and potentially, extended hours. The bar’s strong following for its energetic nightlife, themed entertainment, and diverse drink selection opens up multiple avenues for growth -ranging from hosting larger-scale events to expanding hours or partnering with local brands and artists. With its distinctive vibe and loyal crowd appeal, the venue is well-positioned to tap into the area’s dynamic, socially driven clientele and evolving nightlife trends.
Business Details
Year Established:
1993
FE&E:
40,000
Reason for sale:
Personal
Support & Training:
Seller will train for 2 weeks at 20hrs per week or as negotiated.
Property Information
Size in Square Feet:
2,578 sqft
Posting Information
Posting ID:
9029647
Business Category:
Restaurants & Food
Business Types:
Bar, Pub, Sports Bar, Lounge, Tavern
American Restaurant
Attributes:
Absentee Run
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Lakewood Area Cocktail / Dive Bar – Absentee Operated!
Posting ID
#9029647
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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