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VR Business Brokers - Artesia, CA
17100 Pioneer Blvd #195
Artesia, CA 90701
(562) 402-2686
www.vrbusinessbrokers.com
jimmyhyuvrbb@gmail.com
 

VR Business Brokers - Artesia, CA

17100 Pioneer Blvd #195
Artesia, CA 90701
(562) 402-2686
www.vrbusinessbrokers.com
jimmyhyuvrbb@gmail.com

Business Listing Details

LISTING#:
01984650JY

A0210: Cocktail Lounges/Taverns/Bars
Cocktail Lounge/Bar in the area for 60 years
LOCATION: East Los Angeles
  
ASKING
PRICE

$195,000
AMOUNT
DOWN

$195,000
REVENUES:
  
$420,000
DISCRETIONARY
EARNINGS

$102,000
TOTAL
ASSETS

This Bar has a long history and was established in 1950 and operated for almost 60 years. Current owner operated for over 19 years. The bar recently replaced all the old pipes and spent over $20,000. Currently they don't sell food but has the opportunity for food sales, has the space for kitchen. The owner only works 2 hours a day in the mornings. The bar has 4 TVs, Juke Box and Darts. Extra Income from Juke Box $1000 a month, ATM $200. Nice opportunity for motivated Buyer.
 
Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies.

Contact:  JIMMY H YU
Phone:  (562) 402-2686
Cell:  (714) 747-7584
E-Mail:  jimmyhyuvrbb@gmail.com
VR Business Brokers - Artesia, CA
17100 Pioneer Blvd #195
Artesia, CA 90701
www.vrbusinessbrokers.com
Listing Number:  01984650JY