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Restaurant & Sports Bar W / Dance & Entertainment
Location: United States -> California -> Southern California - Los Angeles Area -> Riverside
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

This greater Riverside County area customer embraced bar, restaurant and nightlife venue with live entertainment boasts a proven, highly profitable concept that has provided its owner operator remarkable returns not only for years but for the past 25 years! The location is tracking to generate a remarkable $4.5 ml in top-line 2022 revenues. The 7,0000 square foot venue enjoys all of the favorable attributes that a buyer can ask for - stellar street visibility, convenient access, available parking and finally, a highly unique property that can be purchased in addition to the business sale! All of the business's furniture, fixtures, equipment, goodwill and Type 47, 48 & 68 (portable bar) Licenses will be included. An estimated $50k - $70k in inventory will be sold at cost at close in addition to purchase price. The property is being offered for sale separately for $5.5 ml. The business will not be sold without the property. While competition exists, this 25+ year old business has become an institution, and has cemented itself as the ‘go to' dining, nightlife and entertainment venue in the area with a well-established loyal following comprised of locals and visitors alike. The business is known for its remarkably unique layout, convivial atmosphere, and evolved client base that embraces the diversity of all of its patrons. New operators will do well to embrace the concept's historic success, stellar location and remarkable bar and entertainment entitlements, while using the well-established venue as a platform from with to further maximize profitability as they see fit.


Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $3,010,472
Cash Flow:   $1,152,177
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $60,000
Seller Financing:  Yes

About The Business

Year Established:  1996
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned

About The Sale

Management Training and Support:  Seller will train for 2 weeks at 20 hours per week
Reason For Selling:  Personal

Print Listing Id: 700377561
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