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Restaurant, Bar & Nightclub For Sale
Location: United States
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Restaurant, Bar & Nightclub -very Desirable City -$2.3+ Million Sales - $300,000+ Profit

RRC#: 1752
Asking Price: $995,000
Location: On Major Downtown Street, South Bay City, California
Yearly Revenue: $2,299,200
Yearly Cash Flow: $300,000
Monthly Rent: $14,382 all inclusive

LISTING DESCRIPTION:
Over one million dollars was recently spent building out this very desirable restaurant, bar and nightclub. This business is located in one of the most desirable cities in the South Bay and the barriers of entry are extremely difficult for allowing a bar with entertainment including DJ, dancing and live music to 2am daily. Consequently this business has almost a monopoly on this venue in this city. There is tremendous upside for increased sales and profits as the current operation only operates 3 days for dinner and cocktails only and on Sunday they operate from early morning during football season to 10p. Currently the sales are 80% liquor sales and 20% food sales. There is tremendous upside for food sales as the current operators are not food operators and are bar operators and the location and design of the business are conducive for attracting heavy lunch and dinner sales. The facility has a large bar with 30 bar stools and two cocktail lounges with numerous bar height tables and chairs, DJ booth and a large dining room with a combination of tables and chairs and booth seating. There is a full kitchen, prep kitchen, extra service station for the bar, office area, storage areas and 2 ADA restrooms. Some of the equipment includes as follows: 17' type 1 hood with fire suppression system, Digital Dining POS system with 11 monitors an 11 printers, 4 double basket fryers, 4' flat grill over oven, 6 burners over oven, cheese melter, 7' char grill, double Panini press, 4 hand sinks, 2 - 3 door under counter refrigerators + sandwich station, 1 compartment food warmer, 2 - 2 full door refrigerators, 2 full door freezer, pot sink, slicer, 3 compartment sink + rin


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $2,299,200
Cash Flow:   $300,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2006
Number of Employees:  6 - 9
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale




Print Listing Id: 700181511
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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