Rare opportunity to purchase a fully equipped, upscale lounge in a fantastic location with furniture and equipment in like-new condition. The lounge is a popular open-format club experience that features a wide variety of live entertainment (jazz, blues, hip-hop) DJ performances & stand-up comics. Venue is located in the beautifully re-developed downtown core across from the harbor open-space that hosts many community events and a block away from the Suisun Slough. The lounge features a 35' wrap around, black granite bar with 3 well stations and a triple stainless steel sink. The performance stage is 21' x 11' and is fully equipped with stage lighting, a 16' x 10' projection screen and sound equipment that includes a 16-channel Presonus digital console.
Current operator is open on a limited basis on Friday & Saturday nights from 10pm-2am; new owner could expand hours and change the concept into one of multiple modes: bar, restaurant and bar with lunch service, lounge with or without live music or nightclub.
Seller will consider financing to a qualified buyer. Space is 3,710 square feet with an inside occupancy of 195. Monthly rent is $6,678 (approx.) with $1,669.50 NNN. Current term expires July 2020 with one 5-year option.
Large and open lounge space features 25 4-top tables, 18 raised seats around the bar and a raised VIP area that seats 30 with a combination of 2-tops tables and banquet seating as well as five 42' and one 50' flat screen TVs. Kitchen features a hood-less fryer, convection oven, stainless steel 3-compartment sink, pot washing sink, hand sink, ice machine and under-counter dishwasher. Established in June 2015 and operates with 16 part-time employees and an off-site owner/manager
Hours of operation are Friday-Saturday 10pm-2pm and by appointment for special events and buyouts. Premise is licensed with a Type 48 on sale-public premises, full liquor license.
Price includes: furniture, fixtures and equipment, covenant not to compete training period, leasehold interest, leasehold improvements, and goodwill.
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial &/or legal advisors with regard to this information.