Bar Nightclub / Restaurant in Gas Lamp District

$595,000

San Diego County

Asking Price: $ 595,000

Type of Business: Bar / Entertainment / Restaurant
Location: Diego Gas Lamp District
Hours of Operation: Thurs 5 pm – 12 am / Friday & Saturday 5 pm – 2 am
Gross Sales: $ asset sale
Adjusted Net Profit: $ asset sale
Total Rent: $ 17,000
NNN: $ 788 month, property tax
Length of Lease: 12/31/18
Options: 6 years with rent fixed for 6 years at $20,000 per month
Sq. Ft.  5500 plus patio
Occupancy: 300 + inside + 16 patio
Number of Employees: N/A
Full time: N/A          Part time:  N/A
Payroll: $ N/A
Insurance: $ N/A
Gas: $ N/A
Electric: $ N/A
Water: $ N/A
Phone: $ N/A
Trash: $ N/A

Internet and TV: $ N/A
Cost of goods: N/A

Business description.

Hard Corner location in San Diego’s famous Gas Lamp District. 47 ABC license with Entertainment Permit and Outdoor Patio. Per Gas Lamp District regulations, all Patios needs to close at Midnight. Bar and restaurant can stay open to 2 AM daily. Seller currently only operates 3 nights per week, but buyer can open 7 days until 2AM Super busy area with packed night life. Long bar with approx 20 seats, plus 2nd service bar. Full Kitchen. Current lease expires on 12/31/18 and has a 6 year Option with rent fixed for 6 years at $20,000 per month. A little below current market rent especially with a Hard Corner location with a Patio. Additional lease extension / option available. This is an Asset Sale with the value in LOCATION, ABC license, Beautiful Build out, Fixtures and Equipment and Entertainment Permit.

Call for more details.

(714) 366-5498