Restaurant Bar with Live Entertainment & Patron Dancing

$950,000

Orange County

Asking Price: $ 950,000

Type of Business: RESTAURANT & BAR WITH LIVE ENTERTAINMENT & PATRON DANCING
Location: HUNTINGTON BEACH
Hours of Operation: Sunday – Thursday 11am – 9pm, Friday & Saturday 11am-10pm
Gross Sales: $1,800,000 LAST YEAR
Adjusted Net Profit: $ 75,000 – $80,000 ANNUALLY, EXCLUDES ADDBACKS, DOOR FEES
Total Rent: $ 32,000 INCL NNN, ELEC, WATER TRASH
NNN: $ in rent above
Length of Lease: 10 YEARS FIXED FOR 3 YEARS, THEN 3% CPI ANNUAL INCREASES
Options: POSSIBLE WITH LANDLORDS APPROVAL
Sq. Ft. 6718
Occupancy: 450 INSIDE, NEW PATIO BEING BUILT
Number of Employees: 28
Full time: 3             Part time:  25
Payroll: $ 30,000/ mo.
Insurance: $ 2,100 / MO
Gas: $ 500
Electric: $ included in rent
Water: $ included in rent
Phone: $ 400
Trash: $ included in rent
Internet and TV: $ N/A
Cost of goods: N/A

 Business description

BEAUTIFUL BAR & GRILL WITH ALL THE ENTITLEMENTS IN PLACE, DT HUNTINGTON BEACH. VERY DISCREET LISTING, LARGE BAR & GRILL WITH LIVE MUSIC, PATRON DANCING & A CONCEPT NO ONE ELSE HAS IN HB. LARGE BAR AREA, LOTS OF FOOT & TOURIST TRAFFIC. RESTAURANT IS ALL HELP RUN MANAGMENT & STAFF IN PLACE. AN OWNER OPERATOR THAT IS HANDS ON CAN INCREASE PROFITS & CONTROL COSTS. OUTSIDE PATIO IS SET TO BE UNDER CONSTRUCTION SOON. BUYER CAN OPEN UNTIL 1:30 AM EVERY NIGHT. SELLER SPARED NO EXPENSE BUILDING OUT THIS BEACH LANDMARK

 

Call for more details.

(714) 366-5498