Nightclub, bar, restaurant, live entertainment & dancing

Asking Price: $ 450,000 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. Currently Closed
Gross Sales: $ 1,400,000 this year. $1,500,000 last year.
Adjusted Net Profit: $ 90,000 ++
Total Rent: $ to be negotiated with landlord at a reduced rent rate after accepted offer
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
Occupancy: 450
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
Business description.

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 capacity expansion, full bar,(type 47 ABC license) full beautiful kitchen, dance floor, & entertainment permit for live music & Patron dancing. 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 charge. The experienced buyer can keep the name & concept or bring their own concept. Beautiful kitchen is a chefs dream. Rent includes CAM,NNN, ELECTRICITY, WATER. Seller states that landlord will give a rent reduction for a qualified buyer on a new lease. The tourist trade is immense here. Closed due to the pandemic at this time. Bring all offers.