575,000+ Inv
Asking Price
Status: Active
Posting ID: 284971
3/13/24
Description
For sale is an established Restaurant and Bar with 47 ABC license and two patios. The restaurant is located on the main street in the popular Beach City of Huntington Beach in Orange County. Thousands of visitors and local residents walk by and drive by the restaurant every day. The restaurant serves American food, Craft Beers, Cocktails and has 20+ Beers on Tap. The restaurant is fully staffed with employees. It is open 7 days per week. The restaurant has an entertainment license that allows for bands, DJ's and karaoke on Thursday, Friday and Saturday. It has 23 flat screen TV's and a 20 ft. screen. The Asking Price is below the replacement cost of the restaurant and the 47 ABC Liquor License. Other business details are as follows.
The sales volume is $103,750 per month. The premises is 4,910 sq. ft. plus two patios. The seating is 219 with140 patrons inside the restaurant plus 79 on the patios. There is an existing SBA EIDL loan with 3.75% interest amortized over 30 years that is assumable subject to SBA approval. The landlord will consider contributing Tenant Improvement money to a qualified operator and/or give a rent abatement. The base rent is $15,000 per month and the term of the lease is approximately 15 years including options periods to extend the lease. The hours of operation are as follows; Monday, Tuesday, Wednesday; Thursday 2pm to 10pm; Friday 12 noon to 1am; Saturday 9am to 1am and Sunday 9am to 10pm The average household income is $127,600 within a 5 mile radius and there are 429,300 people within a 15 minute drive.
This information has been secured from sources we believe to be reliable, but we make no representations, expressed or implied, as to the accuracy of the information. All references to income, expenses, age and square footage are approximate. Buyer must verify the information, conduct their own due diligence and bear all risk for any inaccuracies.
To get more information about this Restaurant And Bar - With A Patio, Type 47 License business for sale in Orange County please phone Tony Decuollo (Broker) at 949-476-2220 and 949-212-4822 Cell - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284971 on BizBen.com. In addition to phoning Tony Decuollo, make sure you email Tony Decuollo above to get more info about this Restaurant And Bar - With A Patio, Type 47 License, to ask any questions or request an appointment to see this business for sale. Thank you. Business Finders.
Contact
Details
Asking Price: 575,000+ Inv
Down: Call/Email
Cash Flow: Call/Email
Revenue: $1,245,000.00
Area: Orange County
City: None Given
Attributes:
My Notes About This Listing
Cash flow
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Revenue
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Cash flow
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Revenue
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Down
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Down
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Down
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Revenue
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Down
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Cash flow
N/A
Revenue
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Down
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Cash flow
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Down
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Down
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Down
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Space Being Rented
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Revenue
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Down
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