Log In/Sign Up
Your email has been sent.
The Cosmo - Premier Entertainment Venue 197 E 2nd St 17,300 SF Retail Building Pomona, CA 91766 $6,950,000 ($401.73/SF)
Investment Highlights
- Business and real estate sold together. SBA-eligible for a qualified owner-operator.
- ?Proven, growing cash flow: $1.37M (2024) to $1.75M (2025) to $2.0M+ (2026 projected).
- Four revenue concepts under one roof. No single concept exceeded 40 percent of 2025 net sales.
- ?$3,500,000 seller carry available, interest only, 5-year term at 5 percent.
- Guest count up 22 percent and average ticket up 37 percent year over year.
- Private events up 62.5 percent year over year, the highest-margin channel.
Executive Summary
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.?
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.?
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
17,300 SF
Building Class
C
Year Built/Renovated
1925/2014
Price
$6,950,000
Price Per SF
$401.73
Tenancy
Single
Building Height
4 Stories
Slab To Slab
11’
Building FAR
0.70
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C3, Pomona - Mixed Use, conditional use permit for liquor type 47, entertainment
Parking
22 Spaces (1.27 Spaces per 1,000 SF Leased)
Frontage
180’ on 2nd St, Locust, 1st St
Amenities
- Bus Line
- Conferencing Facility
- Metro/Subway
- Mezzanine
- Restaurant
- Tenant Controlled HVAC
- Air Conditioning
- Balcony
Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8335-009-015 | Improvements Assessment | $3,570,000 |
| Land Assessment | $1,530,000 | Total Assessment | $5,100,000 |
Property Taxes
Parcel Number
8335-009-015
Land Assessment
$1,530,000
Improvements Assessment
$3,570,000
Total Assessment
$5,100,000
1 of 39
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
