HUNTINGTON PARK, California
| Asking Price |
$695,000 |
Year Established |
2022 |
|
| Annual Revenue |
$2,250,000 |
Reason for Selling |
Personal |
|
| Annual P/L |
$90,000 |
Attention |
Ryan Clark |
|
| Annual Cash Flow |
$200,000 |
Listing Number |
1006931 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This coastal Orange County bar, live music, and dining hot spot is a favorite with music fans throughout the county and beyond! This popular entertainment venue has a bit of everything, including unmatched freeway access and street visibility in a marquee location that boasts a spacious bar, dining, dancing, and stage for live entertainment, as well as plentiful onsite parking.
Property Features and Assets:
<p>This 8,500 square foot restaurant and bar, which is located in one of Orange County’s most popular entertainment locations, leases for $31,252 per month on a lease that will expire in August 2023, with two 5-year options. All of the business's furniture, fixtures, equipment, Type 47 Liquor License, and live entertainment entitlement will be included in the sale. An estimated $50k in inventory will be sold at cost. Brand specific assets will not be included.<br></p>
Market Competition and Expansion:
<p>Each Orange County enclave has its own entertainment districts. This Orange County venue is centrally located in one of its most sought-after coastal communities, providing stellar access from every direction. The venue’s main throughway location and coveted entitlements provide it a significant advantage over competing entertainment alternatives.<br></p><p>New management will want to capitalize on the location’s key attributes by implementing a customer-embraced concept that can draw a crowd and provide a repeatable, unparalleled dining and entertainment experience.<br></p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity