The Cosmo - The Premier Entertainment Venue 197 E 2nd St Local commercial 1 607 m² À vendre Pomona, CA 91766 5 984 367 € (3 723,42 €/m²)

197 E 2nd Street is a 17,300 SF multi-concept entertainment venue in Downtown Pomona's Arts Colony, offered with the operating business in one transaction. Asking $6,950,000, or $402/SF. This is a sale of the business and the building, not the real estate alone.
The building was rebuilt in 2025 with more than $1,000,000 in capital improvements across all four levels, plus $200,000+ in professional A/V systems. Four concepts operate under one roof sharing kitchen and bar infrastructure: Cosmo Ultra Lounge (top-floor concert and event space), Old Skool Café (third floor), The Cosmo main restaurant and bar (street level), and CeFishe, a mariscos speakeasy on the lower level. A Type 47 liquor license conveys, allowing operation of up to five bars. FF&E included.
The business is growing, not a turnaround. Gross sales rose from $1,370,138 in 2024 to $1,751,351 in 2025, up 27.8%, with 2026 tracking above $2 million. Guest count grew 22%, average ticket climbed 37%, and private event revenue increased 62.5% year over year. No single revenue category exceeded 40% of 2025 net sales.
Location is a 3-minute walk to the Pomona Downtown Metrolink station and one block from Western University of Health Sciences and its 3,724 students. Cal Poly Pomona and its roughly 30,000 students are 3.5 miles away. The property sits in a Federal Opportunity Zone. Zoning is C3 with an existing CUP for Type 47 liquor and entertainment.
Seller financing of $3,500,000 is available, interest only, 5-year term at 5%. Because business and real estate convey together, the deal is SBA-eligible for a qualified owner-operator.