Veteran Bar owners have long known that neighborhood bars are the most steady type of income. Regular's and local clientele frequent the drinking establishments they know and feel comfortable in. This is one of the best business models for a hands on or absentee owner. As the patrons unwind and socialize, the cash rolls in.
Started over 50 years ago this bar has all the characteristics of a sucessful neighborhood hang out. Pool tables, Beer Pong, an Entertainment Stage and an Outside Smoking Lounge. Full kitchen in place but absentee owner doesn't want to be bothered with food. This is a tremendous upside for a new owner!
Type 48 Liquor License in place which means food sales are not mandatory like with traditional 47 licenses. Close to a major university and this place attracts the college crowds. You can expand on this which will be a huge upside in sales.
Owner owns propertyy and is looking for a buyer with the ability to Lease Option the property and to purchase the business outright. Low rent of $4,000 will make for an easy transition for either an operator or investor.
This is a great little money maker and experienced bar owners will recognize opportunity when they see it. Current owner has relocated out of area, but has several security features in place including internet cameras.
This is a California Restaurant Brokers, Inc. Listing
|2014 Total Population||30,791||120,981||193,970|
|2010 Number Of Households||8,516||33,004||51,190|
|2010 Persons Per Household||3.37||3.44||3.56|
|Median House Value||$129,200||$137,934||$134,080|
|Income Per Household||$37,936||$35,779||$38,238|
|2009 Number Of Businesses||254||1,119||1,733|
|2012 Number Of Employees||5,070||34,420||52,554|
|2012 Total Annual Payroll||$78,092,000||$655,014,000||$992,041,000|
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