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For Sale: Restaurant - Absentee Run - Huntington, California

  • Address: Huntington,

  • Status: Active

  • Posting ID: 278882

  • 9/29/23

$40,000.00

Asking Price

Huntington Restaurant - Absentee Run Business For Sale

Description

This North Huntington Beach area restaurant with beer and wine boasts a highly unique high traffic near a beachside location that caters to multiple demographics of area residents and visitors, as well as the boating community. The location has a highly versatile build-out that may be adopted to any number of concepts. The master lease has a conditional use permit (CUP) that allows for the addition of a Type 47 restaurant liquor license should a buyer wish to purchase one (for up to $75k extra) for their concept.

The location has sidewalk seating accessible via large roll-up doors that create a contiguous indoor-outdoor dining space. The fully outfitted kitchen has a 2-bucket deep fryer, two stoves with a grill and griddle, a three-bucket sink, a two-door fridge, and a reach-down freezer.

This 2,500 square-foot space, with outdoor sidewalk seating, leases for $10,595 plus $3,000 per month in a prestigious high-traffic location with prestigious adjacent businesses, dining, and entertainment venues. The lease is until 9/2032 with 2 five-year options. Though all of the business's furniture, fixtures, equipment, and beer and wine license will be included in the sale, the name and menu will not (though a buyer is welcome to implement a similar concept. An estimated $5,000 in inventory will be sold at cost at close.

This venue occupies a prestigious location with busy retail, food, and entertainment neighbors that can benefit from one another's presence. Of course, a variety of restaurants are also located in this popular beachside community. These attributes, coupled with a large onsite parking lot, provide several advantages to a concept that can capitalize on them.

New operators may choose to implement a similar concept or they may choose to capitalize on the venue's versatile layout and existing beer and wine license or potential for a liquor license to launch any number of food-related concepts that can cater to this high discretionary income beachside community as well as the nearly adjacent communities.

To get more information about this Restaurant - Absentee Run business for sale in Huntington please phone Ryan Clark (Broker - BRE License #:01399346) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #278882 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Restaurant - Absentee Run, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01399346. The Veld Group.

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Contact

  1. Name: Ryan Clark
  2. phone iconPhone: 310-652-8353

Details

  1. Asking Price: $40,000.00

  2. Down: $40,000.00

  3. Cash Flow: Call/Email

  4. Revenue:    $600,000.00

  1. Area: Huntington

  2. City: Huntington

  1. Attributes:

    Broker CooperationAbsentee RunSemi-Absentee RunTraining & SupportOwner/Seller Financing

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