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Santa Ana, Orange County, California
Asking Price
$455,000
Revenue
$204,000
Down
Call/Email
Cash Flow
Call/Email
Name: Tony Ly
Phone: Show phone number
Name
Tony Ly
Phone
Show phone number
Posting ID:
2654815
Business Category:
Service
Business Types:
Coin Laundry, Laundromat
Attributes:
Financial Assistance
Semi Absentee Run
Training And Support
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This style restaurant and bar offers a buyer an unbelievable location and at an attractive lease rate from which to launch their own concept, or to build upon its already proven concept. The sale comes complete with a liquor license, a bar, a full kitchen, as well as a patio that alcohol can be served on. The venue is ideally located to cater the large number of nearby state and county employees, the student population, as well as the number of young professionals in the immediate area including attorneys, accountants and various types of consultants. The 1,500 square foot venue plus patio leases for $3,098 per month on a lease until August 31, 2028 with options to be negotiated. It is estimated that the venue can seat up to 30 patrons inside, with an additional 26 on the covered patio. The business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. As a limited number of restaurants and entertainment venues exist in the highly popular area, competition is considered to be medium. The venue’s location lends itself to cater to a business lunch hour and happy hour crowd, as well as separate evening and night crowd, while its versatile layout lends itself to indoor and outdoor dining as well as take-out and delivery service. This restaurant and bar benefits from a proven concept with attractively low overhead. As a result, new management may wish to maintain the concept and operation ‘as is’ with modifications as they deep appropriate, or new management may wish to capitalize on the prime location, versatile layout, liquor license and outdoor patio to capitalize on the area’s popularity by implementing an alternate concept. Liquor could historically be served on the patio until 12 am on Friday and Saturday and 11 pm Sunday to Thursday. Liquor can be served inside until 2 am daily. These times, together with the space’s dimensions covered by the Conditional Use Permit (CUP) and on file with the state Alcohol Beverage Control (ABC) should be confirmed during diligence.

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