197 E 2nd St - Bar FOR SALE


Pomona, CA 91766- Downtown Pomona
$6,950,000 USD
818-433-0548
197 E 2nd St, Pomona, CA for Sale
$6,950,000 USD
Bar - FOR SALE
1/38
null | Request Cap Rate

197 E 2nd St
Pomona, CA 91766
Downtown Pomona


HIGHLIGHTS

  • Business and real estate sold together. SBA-eligible for a qualified owner-operator.
  • ?$3,500,000 seller carry available, interest only, 5-year term at 5 percent.
  • ?Proven, growing cash flow: $1.37M (2024) to $1.75M (2025) to $2.0M+ (2026 projected).
  • Guest count up 22 percent and average ticket up 37 percent year over year.
  • Four revenue concepts under one roof. No single concept exceeded 40 percent of 2025 net sales.
  • Private events up 62.5 percent year over year, the highest-margin channel.

OVERVIEW

197 E 2nd Street is one of a kind four-concept restaurant and entertainment venue offered together with the 17,300 SF building it operates in.? This is a sale of both the operating business and the real estate, located in the heart of Downtown Pomona's Arts Colony, one block from the Metrolink station and adjacent to Western University of Health Sciences.? The Cosmo is a growing business, not a turnaround.? Gross sales rose from $1,370,138 in 2024 to $1,751,351 in 2025, a 27.8 percent increase, with 2026 tracking above $2 million.? Over the same period guest count grew 22 percent and average ticket climbed 37 percent.? The four floors run as four independent revenue streams under one roof, sharing kitchen and bar infrastructure: Cosmo Ultra Lounge (the namesake concert and event floor), Old Skool Café, The Cosmo main restaurant and bar, and Cefishe, the only mariscos speakeasy in Pomona.? The building was rebuilt top to bottom in 2025 with more than $1,000,000 in capital improvements across all four levels, including a 20-foot LED video wall, a steel-framed performance stage, a 40-tap draft system, new refrigeration at all bars, and new HVAC throughout.? The buyer inherits a renovated, operating asset, not deferred maintenance.? A Type 47 liquor license is included, allowing operation of up to five bars.? The structure is the differentiator.? $3,500,000 in seller financing is available, interest only, 5-year term at 5 percent.? Because the transaction conveys both the business and the building, it is SBA-eligible for a qualified owner-operator, broadening the buyer pool well beyond all-cash.? The property also sits within a Federal Opportunity Zone, adding capital gains treatment for an investor buyer.? Offered at $6,950,000, or $402 per square foot, with full point-of-sale performance summaries available on request.?

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$397 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Cosmo - Premier Entertainment Venue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C3, Pomona

APN/PARCEL ID

8335-009-015

ASK ABOUT THIS PROPERTY

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818-433-0548

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818-433-0548

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