Business Overview:
This Anaheim beer & wine sports bar and restaurant is ideal for that working owner with a bit of renovation capital, a modernized sports bar concept, and a marketing plan to draw in local patrons that are local residents, employed by nearby companies, or sports fans attending the baseball games, hockey matches, or concerts and events. The bar, which was once a thriving venue, has undergone a number of changes in recent years that have contributed to its declining revenue base. These factors, however, can be overcome with a consistent concept that appeals to its patrons. The sale includes a fully equipped, yet all together oversized kitchen that it also used for a catering operation, however, it can modified to accommodate more patrons. Specific assets that will transfer include a large walk-in cooler, pizza over, several stoves, ovens, grills and deep fryer, salad prep tables, a 10 person bar, and seating for the permitted 59 patrons.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This 3,000 square foot facility leases for $5,300 per month on a lease until 2013 with options to be negotiated during the sale. The sale includes all of the business’s equipment, beer and wine license, and the use of a condition use permit that potentially allows for happy hours (but no cover charge), a five member band, disc jockey, karaoke and dancing. The facility has a manager’s office and dish washing room.
Market Competition and Expansion:
This sports bar and restaurant has a healthy amount of competition however its low rent, entitlements, excellent freeway access (from 4 major freeways), and proximity to Angel’s Stadium and the Honda Center provide it a sustainable competitive advantage over other venues. New owners will seek to renovate the facility and completely re-launch a concept with a consistent theme and offering. In doing so, new management will seek to have a re-opening launch, and advertise the new venue to local residents, workers, and transiting sports fans. Options for growth include a refreshed menu, hosting sports event viewing parties, holiday parties, themed promotions, etc.
Reason for Selling:
Personal
Additional Details:
- The property is leased.
- The owner is willing to train/assist 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.