Santa Monica Area Bar with Kitchen – Stellar Freeway Access

Inventory

Not Included in asking price

Real Estate

Leased

Building SF

2,400

Employees

25

Furnitures, Fixture & Equipment(FF&E)

Included in Asking Price

Facilities

This 2,400 square foot location leases for $10k per month on a lease until August 2028 with one 5 year option to extend. The venue boasts 2 walk-in coolers, new plumbing and electric with a buildout that is under 10 years old, a 10-tap beer system, a manager’s offer as well as onsite parking. The bar and restaurant has an official occupancy for 95 patrons, but can accommodate up to 125. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost.

Competition

Although the greater Santa Monica area is considered to be a highly competitive marketplace for bars and restaurants, this market leader is located in a highly coveted area that caters to its own neighborhood market segment. As a result, the location enjoys a bit of insulation from the more touristy areas with fierce competition.

Growth & Expansion

New management will likely want to capitalize on a formula that has proven successful, while being mindful of several expense categories that amount to over $200k in costs, that may be reduced via in-house staff coupled with an active owner-operator.

Financing

Seller will carry a small, secured carry to a creditworthy buyer with sufficient expe

Support & Training

Seller will train for 2 weeks at 20hrs per week or as negotiated

Reason for Selling

Personal