November 22, 2009
 
 
Nightclub, Restaurant, & Lounge  •  $1,600,000

Location: San Diego
Seller: Robert Rodriguez
Phone: 310-652-8353
 
 
About This Business
BizBen Ad #: 145178
Status: Available
Start Date: 11/16/09
Last Revised: 12/31/69
Location: San Diego
County: San Diego
City: San Diego
Contact Information
Seller or Contact: Robert Rodriguez
Primary Phone: 310-652-8353
Alternate Phone: Not Provided
Email: contact@theveldgroup.com
 
 
Financial Information
Asking Price: $1,600,000
Down Payment: $1,600,000
Annual Cash Flow: Call/Email
Annual Revenue: $3,500,000
Detailed Information
Franchise: No
Relocatable: No
Home Based: No
Real Estate Included: No
Broker To Broker Cooperation: Call
 
 
Business Summary

With An Initial Capital Investment Exceeding $4,500,000, This Sale Provides A Savy Buyer The Opportunity To Own San Diego’s Hottest Alternative Nightclub, Restaurant And Lounge For A Fraction Of The Seller’s Initial Investment Cost. This Spectacular Venue, Which Is Truly Unlike Any Other In San Diego, Offers Patrons An Unmatched Location, And An Unbelievable Multi-Faceted Entertainment Experience. The Business’s First Class Buildout, And Its Equipment, Liquor License And Entertainment Permit Provide The Buyer All Of The Ingredients Necessary To Achieve An Unbelievable Return On Investment. This Top Venue Now Just Needs The Right Owner / Operator To Fill The Gap In An Industry Niche Ripe With Opportunity.

The Business Is Located In A 14,000 Square Foot Facility That Leases For $30,000 Per Month (Including Cam). The Lease Offers A Five Year Term With Multiple Options. The Sale Includes All The Assets Of The Business Including The Name, Buildout, Equipment, Furniture, Fixtures, Computer Equipment, Customer Base, Goodwill, Website, As Well As A Full Liquor License And Entertainment Permit.

Competition Is Considered Medium As Other Bars And Restaurants Exist In The Area, However There Is No Facility That Compares With This One In Terms Of Size, Style, Layout Or Potential.

This Business Has A Great Deal Of Room To Grow. The Current Owners Have Been Operating The Business Undercapitalized, Thereby Preventing The Business From Investing In The Marketing And Promotion Campaigns Necessary For This Venue To Develop The Appropriate Customer Base.