Chimbas Sports Bar

Highlights:

• Fully Rehabbed Property - Over $350,000 CapEx
• Property Qualifies for SBA Financing w/ 10% Down
• Established and Operating Bar/Lounge
• Additional Opportunity to Renovate Patio & Rooftop Lounge
• Newly Installed Booths, Table, Chairs, and Bar Seating

Description:

Chimbas, an established local bar offers Investors and Operators an opportunity to acquire the real estate and business that is fully renovated at a relatively low cost basis. The Owner had recently infused over $350,000 to completely rehab the 2,072 SF property ranging from new electrical, plumbing, flooring, bathroom, roof, and exterior & interior facade upgrades. The two-story property consists of a 2 bedroom residential unit upstairs (may be converted, Buyer to confirm), outdoor patio and rooftop lounging area. The bar currently consists of a juke box, newly installed leather booths and barstools, ATM, and vending machines. Please note, the liquor license is not be included in the offering price but may be negotiated separately.

Newly remodeled hidden gem in North Long Beach (Old Town) on the highly trafficked Pacific Avenue corridor. Subject property is surrounded by local small businesses and is in a quaint residential neighborhood just 2 miles north of Downtown Long Beach.
Long Beach as a gateway city from Los Angeles County to Orange County houses a population of over 500,000 residences as of 2010; is home to the Queen Mary, Long Beach Aquarium, and one of the largest shipping ports in the Western US.