Restaurant/Bar in Downtown Fullerton

Asking Price: $ 425,000 or Best Offer
Type of Business: Bar and Restaurant
Location: Orange County
Hours of Operation:
Gross Sales: $ N/A
Adjusted Net Profit: $
Total Rent: $ New lease available. Rent to start between $7-9,000 per month
NNN: $ N/A
Length of Lease: 5 years
Options:
Sq. Ft. 3,000
Occupancy: 90
Number of Employees:
Full time:       Part-time:
Payroll: $
Insurance: $
Gas: $
Electric: $
Water: $
Phone: $
Trash: $
Internet and TV:
Cost of goods: N/A
Business description.

Beautiful Restaurant and Bar in Downtown Fullerton. Seller spent $1.4 Million in the build-out of this gorgeous space. Seller is not an experienced restaurant operator and hired management and chef to open in 2017. Sales were strong in the range of $1,500,000 per year. Then they went through management changes, theft and other operational problems. They recently went to sell the business and gave early possession and a temporary ABC license to the buyer. The buyer closed the business and canceled escrow. This is perfect for an experienced operator to get into business in a dynamic location. Prior lease was at $9,200. Landlord is prepared to issue a new lease starting around $7,000 per month with annual increases to get back to the $9,200 rent in a few years.

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Call for more details
(714) 366-5498