Business For Sale

Business Overview:

This classic restaurant and lounge with liquor, live music, parking and great rent has been a long time, East County San Diego favorite drinking and dining location for years. This facility offers a unique dining experience as well as a separate lounge with live music, dancing and opulent cocktails. This turnkey restaurant is in excellent condition, and will allow a new owner to continue this already successful concept with little, if any, improvements or modifications. The restaurant includes a full kitchen, walk-in refrigeration, office with surveillance system, employee restrooms, plenty of storage, patio, ADA restrooms, and its own parking lot with approximately 45 spaces.

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 5,500 square foot facility leases for a low $6,000 per month including common area maintenance expense. The lease is valid until May 2013 with one five year option. The sale includes the liquor license and all of the furniture, fixtures and equipment, owned free and clear, as well as $3,000 of inventory at cost included.

Market Competition and Expansion:

Competition is medium as other restaurants exist in the area, however this location and truly classic facility provide a unique concept and ideal layout unmatched by local competitors. This restaurant has excellent upside potential. As it generated average monthly revenues of $87,000 in 2010, a full time working owner that can dedicate more time to the operations and marketing should be able to increase efficiencies and decrease expenses, while building on the already successful concept. New owners may seek to capitalize on the live entertainment by having dance, karaoke or rat pack inspired music or jazz themed events.

Reason for Selling:

Personal

Additional Details:

Resources: