Absentee-Run, High Volume Bar / Restaurant Type 48

Costa Mesa, CA
Orange County


Asking Price: Annual Revenue:
$999,000 $1,500,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Absentee-Run, High Volume Bar / Restaurant Type 48 Broker: Jerry Diza

Quick Facts

Asking Price: $999,000
Annual Revenue: $1,500,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 130857972
Broker Reference #: 18163JD

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Business Overview:

DESCRIPTION:
This absentee-run bar has been mentioned in numerous magazines as well as the OC Register and runs sales at $1,500,000 annually with great profits. This is a pride of ownership business that holds a pro forma valuation that speaks for itself. Unbeatable rent expense accounts for less than 7% of sales. The bar possesses a type 48 liquor license, hosts popular energetic shows that generate repeat customers, promotes happy hour throughout the weekdays, and holds other weekly events.
With over 200 reviews on Yelp, the business is rated 4 stars out of 5. It is located in a commercial center surrounded by residential areas that border both Huntington Beach and Newport Beach and is only a couple blocks from the popular triangle square center in Newport. The company possesses a strong presence on social media channels including Instagram, Twitter, and Facebook, wherein you can find pictures of savory American appetizers and the fun and lively shows the bar hosts.

DEMOGRAPHICS:
Per City-Data website at www.City-Data.com, this city has:
Westside Costa Mesa has an approximate average household income of $80,000. Located in between Huntington Beach and Newport Beach, Westside Costa Mesa benefits from visitors from different surrounding areas.

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Property Features and Assets:

EQUIPMENT: Fully equipped kitchen. FACILITIES & OPERATIONS: The facility has 7 years left on its lease with an additional 5 year option. It operates 7 days a week opening at 5pm and closes at 2am, with the exception of Sundays, wherein the store opens at 3pm and closes at 2am.

Market Competition and Expansion:

MARKETING OPPORTUNITIES: This bar is already profitable and maintaining high sales with a recognized reputation for its energetic ambiance which makes this opportunity both profitable and prideful. With a strong social media presence following of thousands of people across multiple channels and ongoing shows being booked, clients are excited to return to a fun ambiance where they can drink, dance, and laugh.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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