Business For Sale

Huntington Beach Bar & Restaurant w/2 Patios

Huntington Beach, CA
Orange County


Asking Price: Annual Revenue:
$379,000 $2,100,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Huntington Beach Bar & Restaurant w/2 Patios Broker: Ryan Clark

Quick Facts

Asking Price: $379,000
Annual Revenue: $2,100,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: Not Disclosed
BBN Listing #: 24324929
Broker Reference #: Poseidon2

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Business Overview:

This Huntington Beach bar and restaurant with 2 patios and multiple bars boasts the type of signature location that makes it suitable for a national brand that wants to establish itself in the Huntington Beach market or the upstart team that prefers to launch a new concept from a flagship type of location. The venue has done as much as $2.3 million in annual revenues with a beverage and entertainment driven concept, however, its high traffic location, oversize kitchen and permitted occupancy of 340 in the interior and over 80 on the patios, suggest it could produce significantly higher revenues. The facility is permitted for disk jockey (DJ), live entertainment, recorded music and karaoke until midnight and can serve until 2 am.

2 Weeks at 20 hours/week.

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Property Features and Assets:

The 5,500 square foot restaurant and bar leases for $14,000 per month plus $5,500 in NNN expenses on a lease with 3.5 years remaining and options to be negotiated. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included. The trade name, branding and menu will not be included. Between $5,000 and $15,000 in beer, wine and liquor inventory will be sold at cost at close.

Market Competition and Expansion:

Due to its popular high foot traffic location, this venue faces competition for food and drink services, as well as daytime and evening entertainment. The establishment’s dominant façade, excellent street visibility, signage and enticing patios provide them a sustainable competitive advantage over neighboring venues without such attributes. New operators may wish to capitalize on the new long term lease the venue will have, its dominant location and its attractive entitlements including its liquor license and DJ and entertainment permits.

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.

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