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For Sale: Bar Lounge Nightclub - Santa Monica, LA County


Current Status: Active     Posting #: 256705     Last Refreshed: 1/18/20    
Contact: Mike Bauman At 424-262-6916  -  Also Email This Contact Below
Price:  $249,000     Down:  Call     Adjusted Net:  Call     Revenue:  Call    
Business Address:  None Given     City:  Santa Monica     Zip:  None Given    
Attributes:  Training & Support, Asset Sale     Cooperation With Brokers?  Call

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For Best Results & Response, Email & Phone This Contact: Mike Bauman at 424-262-6916.

  Description About This Posting: Bar Lounge Nightclub
Great opportunity to own of unique bar and nightclub with an elevated stage in Santa Monica less than a mile from the ocean. This bar/nightclub has an unrestricted cabaret, music, and entertainment license within the city of Santa Monica with no CUP restrictions, so they can stay open until 2am. Furthermore, they have a rare Type 42 ABC liquor license (beer and wine) that doesn't require them to serve food. They do not have a full kitchen, but they do offer a small finger food menu to their patrons.

They offer an wine and an extensive craft beer selection with over 55 different beers, including 15+ beers on tap. They have over 10,000 followers on social media platforms. Each week they have 10 to 15 different entertainment acts, including solo musicians, bands, burlesque, open mic time slots, and even trivia. The owner is willing to train the buyer on how to run the place, including the different ways to book music talent that attracts band followers and customers.

This 1,800 sq. ft. venue just renewed their lease earlier this year at below market rates of $3.50/sq. ft. for rent ($6,300/month). Lease expires in 2024. Buyer would also have a potential lease option to take over the adjacent space of approximately 1,500 additional square feet in the future when that tenant vacates upon retirement, giving Buyer the potential opportunity to have a 3,300 sq. ft. bar/nightclub.

Located on a busy thoroughfare with nearly 40,000 cars passing by daily.

To get more information about this Bar Lounge Nightclub business for sale in Santa Monica, LA County please phone Mike Bauman (Intermediary, Broker - BRE License #:02007267 ) at 424-262-6916 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #256705 on BizBen.com. In addition to phoning Mike Bauman, make sure you email Mike Bauman above to get more info about this Bar Lounge Nightclub, to ask any questions or request an appointment to see this business for sale. Thank you.

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