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Lounge Bar
Great Opportunity to invest in well established bar, lounge in North San Fernando Valley. Bar is located on busy street and surrounded by commercial, industrial and residential buildings. Loyal customers enjoy multiple game machines, dart competitions, ambiance and friendly service. 47 Liquor License, adjacent kitchen serving clients 11 am to 2 am. Cash based demographics, in addition to walk-ins, this lounge is located inside well known hotel and hotel’s guests are frequent visitors. Recession proof business, although sales is slightly down, business is profitable. Seller is not working on daily bases at the lounge, working seller who is on top of daily operations will undoubtedly increase the sale. Additional cash revenue comes from game machines and dart board usage. Excellent Lease terms and very easy lease payments. Call Alex Levitan, Sunbelt Business Broker (818)640-8080, or submit the NDA (Non Disclosure Agreement) Online. WWW.SUNBELTCA.COM -> CONFIDENTIALITY AGREEMENT -> SUBMIT ONLINE ->PREFERRED BROKER ALEX LEVITAN All of the above information per Landlord, please rely on your own due diligence on market conditions in Ventura County and Ventura City before making any commitment and decision making Reference #: 12121
Industry:
Industry Segment:
Geography:	North San Fernando Valley
Asking Price:	439,000
Gross Revenue:	385,000
Cash Flow:	170,650
Value of Inventory:	32,000
Value of Equipment:
Year Established:	1997
Number of Employees:	full time: 4 - part time:
Mgmt Training/Support:	2 weeks at 20 hours per week following close of escrow
Reason For Selling:	Retire
Broker Name:	Alex Levitan
Company:	Sunbelt Business Brokers
Email:
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