Turnkey Sports Bar & Restaurant with Live Entertainment in Prime Location

Tarzana

This is a turnkey, full service restaurant and lounge located in Tarzana. The business serves pizza, wings, burgers, appetizers, and beer, with revenue coming from dine in service, online ordering, and catering. Weekly entertainment, including trivia, karaoke, and live music, keeps the lounge a lively neighborhood destination, and sales are trending up. The business occupies approximately 2,600 square feet in a prime location with a lease in place through December 2027 plus a two year option to renew, and the lease is transferable. The premises came fully equipped as a restaurant, with kitchen equipment provided by the landlord for use during the lease term, and the operation is staffed with trained part time employees, including key kitchen staff expected to stay. Inventory of approximately $10,000 is included in the sale. Buyer must qualify for a Type 41 ABC license. Contact us today by calling 818-633-3254 or email inquiries to martin.navarro@fcbb.com.

Listing Number:

25649

Category:

Bar/Liquor

Location:

Tarzana
$105,000

Financial Information:

Gross Revenue:

$231,600

Listed Price:

$105,000

Down Payment:

$0

Total Income:

$48,398

Year Established:

2023

Lease Information:

Square Feet:

2600

Total Rent:

$8,054

Lease Expiration:

12/2027

Lease Options:

1&2 years

Asset Information:

Leasehold Improvements:

$50,000

Equipment / Fixtures:

$121,900

Inventory:

$10,000

Other Assets:

Website, yelp, google, social media pages

Additional Information:

Full-Time Employees:

0

Part-Time Employees:

4

Special Licence Required:

Health Department Permit, Business License, Type 41 ABC License

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Focus on other investments

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

brokerPhoto
Martin Navarro
License #: CA DRE #02372118

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Turnkey Sports Bar & Restaurant with Live Entertainment in Prime Location
Tarzana

Listing Number:

25649

Category:

Bar/Liquor

Location:

Tarzana

Listed Price:

$105,000
brokerPhoto
Martin Navarro
License #: CA DRE #02372118
This is a turnkey, full service restaurant and lounge located in Tarzana. The business serves pizza, wings, burgers, appetizers, and beer, with revenue coming from dine in service, online ordering, and catering. Weekly entertainment, including trivia, karaoke, and live music, keeps the lounge a lively neighborhood destination, and sales are trending up. The business occupies approximately 2,600 square feet in a prime location with a lease in place through December 2027 plus a two year option to renew, and the lease is transferable. The premises came fully equipped as a restaurant, with kitchen equipment provided by the landlord for use during the lease term, and the operation is staffed with trained part time employees, including key kitchen staff expected to stay. Inventory of approximately $10,000 is included in the sale. Buyer must qualify for a Type 41 ABC license. Contact us today by calling 818-633-3254 or email inquiries to martin.navarro@fcbb.com.

Financial Information

Gross Revenue:

$231,600

Listed Price:

$105,000

Down Payment:

$0

Total Income:

$48,398

Year Established:

2023

Lease Information

Square Feet:

2600

Total Rent:

$8,054

Lease Expiration:

12/2027

Lease Options:

1&2 years

Asset Information

Leasehold Improvements:

$50,000

Equipment / Fixtures:

$121,900

Inventory:

$10,000

Other Assets:

Website, yelp, google, social media pages

Additional Information

Full-Time Employees:

0

Part-Time Employees:

4

Special License Required:

Health Department Permit, Business License, Type 41 ABC License

Contract Staff:

0

Training Period:

2 weeks

Reason for Selling:

Focus on other investments

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.