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#4260
San Fernando Valley

Craft Beer Bar w/Low Rent Absentee Operated

$129,000
Sold
Craft Beer Bar w/Low Rent Absentee Operated
This Listing is Sold

This beer bar serves only the finest craft beers on tap from around the world and has developed a loyal following of clients who crave both great beer and lots of fun. It is located in the heart of the West San Fernando Valley.  To keep it interesting and to draw people back, the owner changes the beer selection on a regular basis. In fact the beers change so much you can join the beer lovers club where you try 80 beers in 80 days and you get your own personally engraved mug and are now "IN THE CLUB." This bar was voted one of top 10 Craft Beer Bar's in Los Angeles.

There are also many bottled Beers to choose from as well. So you are SURE to find a beer that matches your personal taste.

With approx. 1,000 likes on facebook and a ever growing twitter following it makes it easy to reach your guests with the New Beers being offered on tap or any other special promotions you may be having coming up. Then the Yelp reviews just keep coming in, at 4 1/2 stars clearly the guests just LOVE this place.

So let the Fun begin as you gather in what has been voted one of LA's favorite places to enjoy Trivia. These nights have exploded as a place to enjoy an evening with friends and strangers alike. Or enjoy a game of darts as you savor that new beer on tap.

This has been operated as an Absentee Owner business where a working owner at present sales could make themselves a take home of $40 - $55K. Also with an owner working the place sales could even increase by having a hands on business (as no one quite does it like the owner). Present owner only stops by occasionally to be sure the place is being kept clean and inviting for the guests and work on the next promotion or event.

Operating hours are very short with the opening hours daily of 5PM and closing between 11PM and 2AM depending on the day of week. New owner can capitalize on increasing the hours to include the sports games on weekends as well and other events.

The place is very limited on the food being served as there is no "Kitchen" per se but there is a steamer and microwave to prepare the items that are being offered. 

Employee overhead is very small as only one person is needed to run the business. With rent of $1,275 a month approx 8% of sales helps the bottom line profits coming in.

So to get more information, name, address and pictures just go the the Sign NDA tab below.

Visit us at SellingRestaurants.com to see our other bars as well.

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
San Fernando Valley
Lease Term:
Sept 30, 2016
Total Monthly Rent:
$1,275

Financials

Last Year's Annual Gross:
$188,467

Operations

Liquor License:
42
# of Part-Time Employees:
3
Hours Open:
Mon - Wed 5PM - 12AM
Thurs 5PM - 1AM
Fri & Sat 5PM - 2AM
Sun 5PM - 11PM
Year Established:
2011

Facilities

Indoor Seating:
30
# of Parking Spots:
lots shared

Highlights

  • Locals Favorite BEER BAR
  • Top 10 Trivia spots in LA
  • Top 10 list for Great Beer Bars in LA
  • ONLY CRAFT and IMPORT BEERS ON TAP
  • Wine is also offered
  • Limited Hours
  • Low Payroll
  • Low RENT!!
  • Great for Owner Operator
  • JUST A FUN PLACE
  • Dart Board for your enjoyment
  • You just won't beleive this place till you visit it!!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 46,503 180,015 483,281
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 13,635 54,477 162,351
2010 Persons Per Household 3.28 3.16 2.83
Median House Value $357,500 $359,517 $468,149
Income Per Household $61,112 $54,387 $64,102
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 452 3,896 14,434
2012 Number Of Employees 6,076 81,206 341,538
2012 Total Annual Payroll $75,579,000 $1,216,407,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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