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Santa Monica, Los Angeles County, California
Santa Monica Beer & Wine Bar with no Food Required – Eclectic Concept
Asking Price
$175,000
Revenue
$224,786
Down
$175,000
Cash Flow
$58,325
Name: Ryan Clark
Phone: Show phone number
Name
Ryan Clark
Phone
Show phone number
Description
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.
Business Details
Year Established:
1960
Employees:
4
FE&E:
20000
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:
1,200 sqft
Premises Details:
The 1,200 square foot facility is operating with a rent of $4,900 per month including triple net (NNN), on a lease until 12/2028 with options to be negotiated in a sale. The sale includes all the facility’s furniture, fixtures and equipment, as well as the type 42 beer and wine license. An inventory of $5k at cost at close.
Posting Information
Posting ID:
7521963
Attributes:
For Sale By Owner
License (Liquor, etc.)
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.
Once signed, you’ll receive access to confidential business details including the business name, address, and financials.
Posting Title
Santa Monica Beer & Wine Bar with no Food Required – Eclectic Concept
Posting ID
#7521963
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Agent, Broker or Seller Contact
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