Contact: Ryan Clark At 310-652-8353 - Also Email This Contact Below
Asking Price: $485,000 Down Payment: $485,000
Annual SDC: $180,000
Annual Gross: $1,276,578
Business Address: None Given City: Fullerton Zip: None Given
Attributes: Broker-Broker Coop, Training & Support
This restaurant and nightclub is located in the heart of Fullerton, one of Orange County's most popular entertainment corridors. The venue boasts an occupancy over 540, which is reported to be the highest of any bar or nightclub in the area, and are authorized for dance, DJ, live entertainment, bottle service, door charges and to operate without food service all reported to be with a conditional use permit that does not require a regular renewal.
This 6,700 square foot facility leases for $16,250 per month on a lease with just over 5 years remaining. They have 2 bars, a stage, outdoor patios as well as a spacious kitchen with a walk-in. Both bars have comprehensive tap systems while the front of house has a near 10 terminal point of sale system. All of the business's furniture, fixture, equipment, goodwill, Type 47 liquor license and conditional use permit entitlements will transfer in the sale. Approximately $20,000 in inventory will be sold at cost at close in addition to purchase price.
While competition exists in this popular area, this venue occupies prominent real estate at the epicenter of this entertainment corridor, and it benefits from what appear to be the most comprehensive and operator-friendly entitlements of all of the options within the comparative set. As such, competing venues are hard-pressed to match this one's unique attributes.
As the founders do not hail from the entertainment or hospitably industry, the business could likely benefit from the presence of a fully engaged full-time owner operators with industry experience. This will not only help to ensure top quality customer service, but also a top quality dining experience, the most alluring ambiance that caters to today's patrons, a competitive entertainment offering and the resultant maximum restaurant, bar, bottle service and door revenues.
Training: 2 Weeks at 20 hrs/wk
To get more information about this Restaurant, Nightclub business for sale in
Fullerton, Orange County please phone Ryan Clark (Broker) at 310-652-8353 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #251314 on BizBen.com. In addition to phoning
Ryan Clark, make sure you email Ryan Clark above to get more info about this
Restaurant, Nightclub, to ask any questions or request an appointment to see this
business for sale. Thank you.