Asking Price: $ 350,000
Type of Business: Restaurant with Full Bar
Location: Downtown Huntington Beach
Hours of Operation: Mon – Thurs 4pm – 10 pm, Friday 11am – 11pm, Sat & Sund 9am- 10 pm
Gross Sales: $ 700,000 annually
Adjusted Net Profit: $ Call
Total Rent: $ 6,905 including CAM, water and trash
NNN: $ included above
Length of Lease: 2/28/24
Options: 5 + 5 years
Sq. Ft. 1100 inside + large Patio
Occupancy: 40 inside and 40 on patio
Number of Employees: 13
Full time: 3 Part-time: 10
Payroll: $ 11-12,000 mo.
Gas: $ 400 mo.
Electric: $ 800 – 1100 mo.
Water: $ inc in rent
Trash: $ inc in rent
Internet and TV:
Cost of goods: N/A
Great Downtown Huntington Beach location. One of the best spots downtown. Best lease on the block. No menu restrictions so buyer can keep the same or change to their concept. Full liquor license included in purchase price. No more new liquor licenses will be allowed downtown. Full kitchen and separate bar area. Inside seating plus patio and sidewalk seating. Owner tired after 22 years of ownership. Now mostly help and in need of new blood and enthusiasm. Current owner made a lot of money here over the years when he was fully engaged in running the business. Now it is mostly help run. DO NOT TALK TO EMPLOYEES OR CUSTOMERS ABOUT IT BEING FOR SALE!!
Call for more details.