Asking Price: $ 950,000 or offer
Type of Business: Nightclub, bar, restaurant, live entertainment & dancing
Location: Orange County
Hours of Operation: winter hours- Th.-Sat. 5PM – 1:30 AM. Sun. 10 -10
Gross Sales: $ 1,400,000 this year. $1,500,000 last year.
Adjusted Net Profit: $ 90,000 ++
Total Rent: $ 34,500 / mo includes CAM, NNN, electricity, water, and trash
NNN: $ included in rent above
Length of Lease: 1.5 years apx. Possibly a new lease to qualified buyer
Options: 5 years
Sq. Ft. 6718
Number of Employees:
Full time: 2 Part-time: 20
Payroll: $ 20,000 / mo
Insurance: $ 2000
Gas: $ 300
Electric: $ included in rent
Water: $ included in rent
Phone: $ 200, includes internet
Trash: $ included in rent
Internet and TV: 500/ direct TV
Cost of goods: N/A
Your chance to own a destination location in the heart of downtown Surf City. This desirable location is management run, (seller does not work here but draws a salary included in net.) This is a very nice location that had a recent expansion adding capacity, full bar, kitchen, dance floor, Very high foot and car traffic area across the street from the beach & pier. Entitlements for live entertainment and patron dancing with a full bar & licensed to have door cover charges. The experienced buyer can keep the name & concept or bring their own concept. Beautiful kitchen is a chefs dream. Rent includes CAM, ELECTRICITY , WATER. Landlord may give rent abatement or fix rent for a few years with a new long term lease for a qualified buyer. The tourist trade is immense here & currently is open shortened winter hours. Bring all offers. Thank you for being very discreet when visiting.
Call for more details.