This newly refurbished Santa Monica area beer and wine bar with no food requirement is a neighborhood favorite that boasts a fantastic concept and draws the majority of its traffic from young, professional Westside hipsters, local South Santa Monica residents as well as from a healthy dose of college students. With healthy profit margins, the venue has historically thrived with limited operating hours. The bar offers patrons music entertainment provided by a disc jockey but no live entertainment or dancing.
The 1,300 square foot facility officially leases for $4,700 per month on a new lease with 5 years remaining and one five year option. The sale includes all of the facility’s furniture, fixtures and equipment, as well as the type 42 beer and wine license. The facility boasts a tap system and a walk-in cooler. The facility includes a manager’s office and has a parking lot with approximately 20 spaces.
Competition naturally exists, however, this venue has created a unique market niche and a loyal customer base due to its concept and its location.
A new owner may seek to extend the venue’s operating hours to attract the daytime or happy hour crowd, open during weekday or weekend sporting events to cater to this customer base, or expand and promote the venue’s wine offering. While there is no hood the bar could also implement limited food service that does not require a hood.
2 weeks at 20 hrs/wk
DealStream.com is an online community for dealmakers with over 100,000 active members in 100 countries.
Our members include entrepreneurs, corporate executives, private equity groups, business brokers, investment bankers, and M&A advisors. They use our website to buy businesses, sell businesses, and expand their professional networks.
If you are looking to buy a company or buy a business, we offer a searchable database with over 15,000 listings of businesses for sale, companies for sale, and franchises for sale. We have a lot of listings for middle market businesses for sale and large businesses for sale.
If you are looking to sell a company or sell a business, you can list your business for sale for free and reach thousands of business buyers and intermediaries.