197 E 2nd St - Bar FOR SALE


Pomona, CA 91766- Downtown Pomona | 
$6,750,000 USD
415-720-5468
197 E 2nd St, Pomona, CA for Sale
$6,750,000 USD
Bar - FOR SALE
1/32
null | Request Cap Rate

NEW


197 E 2nd St
Pomona, CA 91766
Downtown Pomona


HIGHLIGHTS

  • Owner-Occupied Real Estate + Business Package: Complete control of both the operating business and the valuable real estate.
  • Old Skool Cafe: Generating $10,500/month base rent plus 50% of total sales.
  • Seller Financing Available: Potential seller financing for qualified buyers, expanding purchasing power and structuring flexibility.

OVERVIEW

Real Estate Included ; Heart of Downtown Pomona Arts Colony | 197 E 2nd St, Pomona, CA. Four floors, One Address RRC#5369 Offered at $6,750,000 Location: 197 E 2nd St, Pomona, CA Annual Revenue: $1,750,000 Annual Cash Flow: Contact for Info EXECUTIVE SUMMARY A rare and lucrative opportunity to acquire both a high-performing owner-operated restaurant and event venue alongside the underlying commercial real estate in downtown Pomona CA. See: cosmopomona.com Located at 197 E 2nd St in the center of the vibrant Pomona Arts Colony and Antiques Row, this property features an active Type 47 Full Liquor License (transferable with sale), a fully equipped commercial kitchen led by an established executive chef, and immediate multi-tenant rental income. This turnkey offering allows an owner-user or investor to gain full operational control and asset equity while capitalizing on multiple income streams under one roof. - Proven, Growing Cash Flow: $1.37M (2024) to $1.75M (2025) to $2.0M+ (2026 projected). This represents a third consecutive year of growth, roughly 46% above 2024. - Seller Carry Available: $3,500,000 at 5%, interest only, for 5 years, significantly lowering the buyer’s cash requirement. - Real Estate and Business in One Transaction: SBA-eligible for a qualified owner-operator, broadening the buyer pool beyond all-cash buyers. - Four Revenue Concepts Under One Roof: No single category exceeded 40% of 2025 net sales, reducing reliance on any single line. - Private Events Up 62.5% Year-Over-Year: Highest-margin channel and clearest near-term upside. - Turnkey Facility: More than $1,000,000 already invested across all four floors. The buyer is not underwriting a renovation. - Liquor License: Type 47 liquor license included, allowing operation of up to five bars. - Tax Advantage: Located in a Federal Opportunity Zone for qualified-investor capital gains treatment. Deal Structure & Financing Against the $6,750,000 purchase price, the $3,500,000 seller carry covers roughly half the capital stack. Between the seller note and SBA-eligible financing on the balance, a qualified operator can control this multi-concept hospitality business and its underlying real estate for a fraction of the typical cash requirement. PROPERTY & BUSINESS HIGHLIGHTS • Owner-Occupied Real Estate + Business Package: Complete control of both the operating business and the valuable real estate. • Active Type 47 Liquor License: Full liquor license included and transfers seamlessly with the sale. • Diversified Multi-Stream Revenue: Income generated via the owner-operated restaurant and event center, plus two revenue-sharing tenant leases. • In-Place Rental & Sales Participation Income: • Cefishe: 2-year lease generating $5,000/month base rent plus 50% of bar sales. • Old Skool Cafe: Generating $10,500/month base rent plus 50% of total sales. • Fully Equipped (Turnkey FF&E Included): Complete commercial kitchen buildout, bar buildout, tables, chairs, state-of-the-art AV and sound systems, ready for Day 1 operation. • Seller Financing Available: Potential seller financing for qualified buyers, expanding purchasing power and structuring flexibility. LOCATION & ACCESSIBILITY • Prime Location: Situated on E 2nd St in the heart of Pomona’s Arts Colony and Antiques Row. • High Foot Traffic & Cultural Hub: Steps from art galleries, bustling nightlife, the historic Fox Theater, and Western University of Health Sciences. • Excellent Regional Access: Minutes from major Southern California arteries, including the I-10, SR-71, and SR-57 freeways, serving Eastern Los Angeles County and the Inland Empire. OPERATIONAL & EVENT ASSETS • Proven & Multi-Faceted Event Revenue: • Private gatherings (weddings, quinceañeras, corporate dinners, pharmaceutical education dinners, charity mixers, and fundraisers). • Ticketed nightlife and promoter-hosted events. • In-house restaurant dining and high-margin catering. • Turnkey Marketing & Operational Package: • Existing promoter network and recurring event partnerships providing immediate booked revenue and repeat business pipelines. • Freshly updated catering menu, rebranded marketing collateral, active website, and standardized event proposal packages (all fully transferable). • Flexible Layout: Highly adaptable floor plan capable of hosting intimate private dining, large corporate receptions, or high-capacity ticketed live events. INVESTMENT SUMMARY Attribute Details Property Address 197 E 2nd St, Pomona, CA Asset Class Commercial Real Estate + Restaurant / Event Business Primary Business Cosmo Liquor License Active Type 47 (Full Liquor - Included) Tenant Income Cefishe ($5k/mo + 50% bar) | Old Skool Cafe ($10.5k/mo + 50% sales) Included Assets Real Estate, Business, Type 47 License, All FF&E, Digital/Marketing Assets Financing Seller Financing Available to Qualified Buyers NEXT STEPS & FINANCIALS 2025 P&L and 2026 YTD P&L statements for Cosmo are available upon request. Trailing Twelve Months (TTM) breakdowns can be provided as needed. Co Broker Welcome!

FOR SALE DETAILS

PRICE

$6,750,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

RRC#5396 Cosmo Restobar with Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

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

Steve ZimmermanRestaurant RealtyMore Info
415-720-5468

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Steve ZimmermanRestaurant RealtyMore Info
415-720-5468

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.