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Restaurant & Nightclub - Popular Orange County City
Location: United States -> California -> Southern California - All Southern California -> Orange County
Industry: Bars and Nightclubs > Other Bars and Nightclubs




Business Summary

This restaurant and nightclub is located in the heart of Fullerton, one of Orange County-s most popular entertainment corridors. The venue boasts an occupancy over 540, which is reported to be the highest of any bar or nightclub in the area, and are authorized for dance, DJ, live entertainment, bottle service, door charges and to operate without food service - all reported to be with a conditional use permit that does not require a regular renewal. Note that the financials represent pre-COVID19 performance.

Asking price: $250,000

This 6,700 square foot facility leases for $16,250 per month on a lease with just over 5 years remaining. They have 2 bars, a stage, outdoor patios as well as a spacious kitchen with a walk-in. Both bars have comprehensive tap systems while the front of house has a near 10 terminal point of sale system. All of the business-s furniture, fixture, equipment, goodwill, Type 47 liquor license and conditional use permit entitlements will transfer in the sale. Approximately $20,000 in inventory will be sold at cost at close in addition to purchase price.

While competition exists in this popular area, this venue occupies prominent real estate at the epicenter of this entertainment corridor, and it benefits from what appear to be the most comprehensive and operator-friendly entitlements of all of the options within the comparative set. As such, competing venues are hard-pressed to match this one's unique attributes.

As the founders do not hail from the entertainment or hospitably industry, the business could likely benefit from the presence of a fully engaged full-time owner operators with industry experience. This will not only help to ensure top quality customer service, but also a top quality dining experience, the most alluring ambiance that caters to today's patrons, a competitive entertainment offering and the resultant maximum restaurant, bar, bottle service and door revenues.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,276,578
Cash Flow:   $180,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2003
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 Weeks at 20 hrs/wk
Reason For Selling:  Personal

Photos

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Restaurant & Nightclub - Popular Orange County City Photo 1




Print Listing Id: 700332040
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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