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Santa Ana, Orange County, California
Asking Price
$229,000
Revenue
$425,000
Down
Call/Email
Cash Flow
Call/Email
Name: Steve Zimmerman
Phone: Show phone number
Name
Steve Zimmerman
Phone
Show phone number
Posting ID:
292330
Attributes:
Broker Cooperation
Training And Support
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This Santa Ana restaurant and bar is located in the heart of its popular historic district. The venue boasts a versatile layout in a prime location with liquor, sidewalk seating, convenient access, and stellar street visibility. It charms its patrons with a captivating ambiance, masterfully crafted cocktails, and exceptional customer service. With an array of handpicked spirits and innovative concoctions, this trendy establishment has become a favorite among locals and visitors alike, making it a must-visit destination for anyone seeking a memorable night out This is an asset-only sale; the name, menu, and concept will not be included in the sale. This 2,600 sq. ft venue plus patio leases for $7,000 per month including common area maintenance (CAM) expense on a lease until 8/1/27 with three 5-year options. All of the business's furniture, fixtures, equipment, Type 47 Liquor License and lease will be included in the sale, however, this is an asset-only sale. The business's name, menu, and concept will not be included. An estimated $5,000 in liquor inventory will be sold at cost at close in addition to the purchase price. Downtown Santa Ana is a highly popular dining and entertainment district. As such competition certainly exists, however bar and restaurant is able to charm its patrons with a captivating ambiance, masterfully crafted cocktails, and exceptional customer service. With an array of handpicked spirits and innovative concoctions, the trendy establishment is a must-visit destination for anyone seeking a memorable night out. Its location, layout, characteristics, and entitlements provide it with highly attractive competitive attributes. New operators may take this clean, attractive build-out, versatile layout, and prime location in any number of directions with a wide variety of concepts. The condition use permit (CUP) allows for alcohol service from 8 am to 12 midnight 7 days per week, though gross food sales must exceed alcoholic beverage sales, ensuring that the venue maintains a strong basis in food sales as opposed to operating as a cocktail lounge concept (no live entertainment is permitted). Vault Bar & Grill is Santa Ana's newest neighborhood bar with a twist. Full bar, 20 beers on tap, and amazing comfort food for all to enjoy. Our specialties are old fashions which we offer 3 versions of. The venue, which was Mix Mix since 2017, has been remodeled and relaunched in 2022. A boutique hotel is rumored to start being constructed nearby, which would be an additional boom for the business.

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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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