Restaurant & Nightclub-Popular Orange County City!

Orange, CA
Orange County


Asking Price: Annual Revenue:
$785,000 $1,276,578

Food & Beverage: Bars, Clubs, Nightspots


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RE: Restaurant & Nightclub-Popular Orange County City! Broker: Ryan Clark

Quick Facts

Asking Price: $785,000
Annual Revenue: $1,276,578
Net Profit: Not Disclosed
Cash Flow: $180,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2003
Employees: 24
BBN Listing #: 38284929
Broker Reference #: AsiClub

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Business Overview:

This restaurant and nightclub is centrally located in the heart of one of Orange County’s most popular entertainment corridors. The venue boasts an occupancy over 540, which is reported to be the highest of any bar or nightclub in the area, and are authorized for dance, DJ, live entertainment, bottle service, door charges and to operate without food service – all reported to be with a conditional use permit that does not require a regular renewal.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

This 6,700 square foot facility leases for $20,000 per month on a lease with just over 5 years remaining. They have 2 bars, a stage, outdoor patios as well as a spacious kitchen with a walk-in. Both bars have comprehensive tap systems while the front of house has a near 10 terminal point of sale system. All of the business’s furniture, fixture, equipment, goodwill, Type 47 liquor license and conditional use permit entitlements will transfer in the sale. Approximately $20,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While competition exists in this popular area, this venue occupies prominent real estate at the epicenter of this entertainment corridor, and it benefits from what appear to be the most comprehensive and operator-friendly entitlements of all of the options within the comparative set. As such, competing venues are hard-pressed to match this one’s unique attributes. As the founders do not hail from the entertainment or hospitably industry, the business could likely benefit from the presence of a fully engaged full-time owner operators with industry experience. This will not only help to ensure top quality customer service, but also a top quality dining experience, the most alluring ambiance that caters to today’s patrons, a competitive entertainment offering and the resultant maximum restaurant, bar, bottle service and door revenues.

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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