Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$199,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Bars, Clubs, Nightspots
Reason for Selling:	personal
Year Established:	2004
# of Employees:	3 Part Time & 1 Full Time
Yearly Cash Flow:	$28,800
Yearly Gross Income:	$316,988

Business for Sale Overview:

This quaint, yet highly classy Irvine beer and wine bar is poised to become one of Irvine’s hottest night spots as it has just received a full liquor license with no food requirement. Located in a still growing, high traffic shopping center with major office and condominium complexes within walking distance, all this business needs is a new owner with a fresh concept for a full bar offering. This ideal 1,550 square feet. facility is surrounded by complementary neighbors, offers customers plenty of parking, and comes with a lease until 05/09 plus 1 five year option.

Property Features and Assets:

The unique bar sale includes a Type 48 liquor license and all of the necessary furniture and equipment necessary to make it Irvine s next hot spot. This tremendous location, which virtually markets itself, will lease for approximately $7,800 per month including CAM, and has an official occupancy for 50 persons but can accommodate more. The facility has a full bar, seating for 50, a 3 station POS system, refrigerators, dishwashers, a convection oven, a managers office, and a liquor/dry storage room.

Market Competition and Expansion:

While there are various entertainment venues in Irvine, the classy bar’s location and current concept lend themselves to attracting a day time crowd, a happy hour or early evening crowd, or now with the full liquor license –late night revelers. This bar just obtained its full liquor license, yet a concept has not been implemented (nor will be) to take advantage of it. As such, a buyer will already have a steady client base with the expenses covered, while reaping the benefits of taking the venue to the next level. New owners will likely seek to promote the location, refresh its appearance to fit the new concept, and engage in some form of advertising and marketing to ensure maximum profitability.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.