This well-established Huntington Beach Area bar with live entertainment has been owned and operated by the same party for over 40 years! This neighborhood favorite, which has just undergone several capital and cosmetic improvements, remains a straightforward operation that enjoys extraordinarily low overhead with base rent in the $2 per square foot range. The venue has an onsite general manager and offers patrons live entertainment, billiards, karaoke and dancing. There is no food service.
This roughly 1,510 square foot bar leases for approximately $3,300 per month on a lease until 2022 with one 10 year option. All of the business's furniture, fixtures, equipment and Type 48 Liquor License will be included in the sale. Inventory will be purchased at cost at close in addition to purchase price.
While competition certainly exists and although patrons travel from far and near, this is the quintessential neighborhood bar. As such, the venue is somewhat geographically protected from new competition as it would take years for any such industry entrant to become a ‘go to’ neighborhood venue.
While the bar has been profitably running as is for years, it may benefit from a full-time working owner – operator who replaces the general manager. New management may also wish to revisit drink pricing or explore the implementation of a credit card system in this cash only venue. The addition of darts, which could promote tournaments or inclusion in league activities, may also boost revenues.
Asking Price $194,000
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