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#Business ID: 13864

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47 Bar In The Heart of The Gaslamp

Business Location: Gaslamp, San Diego, California, United States

Asking Price: $ 199,000 Revenue: $ under 100k Cash Flow: $ 0 to 100k

Business Summary

Amazing opportunity to buy into one of San Diego’s prime destination spots. The Gaslamp is the entertainment mecca of San Diego, drawing more than 12 million visitors annually. In the Heart of it all, this bar has always operated as a wine bar but could be so much more. Full liquor license and compact kitchen would convert beautifully into a new concept that focuses on cocktails. Rare license also allows for off sale of wine, and serving until 2 am. At under $4 a sf, the lease is well below market. Rents in this neighborhood average $5-6 sf. This bar is an asset sale, and no financials will be given.

Property Details

Years Established:

15

Property Type:

Lease

Other Business Details

Premise Details:

Building size is 1100 sq. ft. Rent: $4280 with NNN. Patio is fenced for outside drinking. Great for people watching while enjoying a cigar or cocktail. Lease: 9 years.

Competition:

The Gaslamp is a destination night spot with high density and business for all.

Expansion Potential:

Great potential to expand business through updated concept and fresh look.

Business Operation Details

Employees:

10 part time

Trading Hours:

5 pm – 12 am T-F 5 pm-1 am S-S. Closed Monday

Support & Training:

Yes, 2 weeks.

Miscellaneous Details

Reason For Selling:

To focus on other business

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