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Restaurant, Bar, Catering, Entertainment License For Sale - South Bay Area, California
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Profile: Full Service Pacific Coast Highway Restaurant And Bar.
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Ad/Listing Information
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Contact Information |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$1,500,000 |
| Down Payment: |
$1,300,000 |
| Annual Revenue: |
$1,920,045 |
| Annual Adjusted Net: |
$343,438 |
| Price Range: |
$1 Million to $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Brief: • Type 47 Liquor License • Off-Site Catering Liquor License • Entertainment License With Dancing By Patrons • Business License For Restaurant With Alcohol
Fixtures Furniture, & Equipment: 200,000
Inventory: 28,000
Business Information
Year Established: 2004
Number Of Employees: 25
Days And Hours Of Operation: 5pm To 1am – Tues. - Sat.
Facilities / Location:
Size: • Building: 14,945 Sq. Ft. • Interior: 9,795 Sq. Ft. • Seatable Dining Area: 7,107 Sq. Ft. • Exterior Patio: 5,150 Sq. Ft. • Parking Lot: 209 Cars
Capacity: • Interior: 428 People • Patio: 207 People
Surrounding Area: Heavily Populated Residential And Hotel-Tourist Attractions Interior Design: • Bars (Total Of 7 Bartending Stations) • Fully Equipped Kitchen • Tables And Chairs For 150 Dining • Stage With Risers/Platforms • Existing Sound And Lighting Systems • Table And Chairs For Patio Dining • Fully Ada Accessible • Fire Alarm System For A-1 Capacity • Alarm Monitoring System With 16 Cameras
Lease Information:
Lease Expiration Date: June 30, 2014
Option: Thru November 18, 2021
Monthly Rent: 15,000
Reason For Selling: Partnership Split-Up.
Business Description: This Restaurant Offers An Upscale Yet Comfortable Restaurant And Bar With A Focus On Meeting The Community’s Needs And Attracting Business From The Surrounding Communities And Convention Market. The Restaurant Provides Locals With A Place To Identify As Their Own In Order To Capture Their Continuing Patronage And Loyalty. This Restaurant And Bar Features Casual Dining With Americana Cuisine, Signature Cocktails And Dinner Options From Casual To Elegant As Well As Custom Tailored Banquet Menus. In Addition To Providing A Quality And Diverse Menu, The Restaurant Provides An Environment Which Cannot Be Found In Other Area Venues.
The Atmosphere Is Marked By The Crafted Bar Detailing And Furniture, Individually Selected Artworks And Photographs, Customized Dinner Specials And Unique Cocktail Creations. After Dinner, Guests Can Enjoy Live Music And Dancing From Numerous Southern California Bands And Performers. This Restaurant Location Is Surrounded By Multiple Residential Communities And Other Target Markets All Within Less Than A One Mile Radius. The Restaurant Itself Provides 15,000 Square Feet Of Space With A Maximum Capacity Of Over 500 People, Which Allows For Large Banquet Events In Addition To Normal Dining. The Layout Of The Restaurant Offers A Large Main Dining Room, Secluded Booths, Patio Dining, Two Bar Areas With Couches, Plasma Screen Tvs And A Large Dance Floor. The Parking Lot Can Hold Up To 205 Cars And Allows The Guest To Escape The Cost And Inconvenience Of Restricted Parking That Occurs Throughout Most Of The Area.
For The Calendar Year Ended December, 2007 (Compared To The Preceding Period Ended December, 2006), Sales Increased By Thirteen (13) Percent And Seller’s Discretionary Cash Flow Increased By Nearly Forty (40) Percent.
Request A Copy Of The Complete Sales Prospectus Which Contains Area Demographics, Reconstructed Financial Statements And So Much More!
Potential For Growth: New Concepts For Growth And Expansion Include Adding A Weekend And Patio Seated Brunch, Expanding Business Hours To Include Lunch And Increasing Days Of Operation To Include Sunday And Monday. In Addition, The Restaurant Has An Outdoor Patio Which Could Be Enhanced To Provide An Outdoor Atmosphere For Additional Dining, And Remodeling The Interior Dining And Lounge Area For Watching Sports. Expand To Include Take-Out And Catering. Increase Merchandising. Increase Online Marketing Campaign Geotargeted To Local Area.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Kenneth Sherman, Broker at 877-727-6382 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
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| 2008-05-17 |
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