Restaurant & Nightclub in Popular Orange County City!
Orange, CA
| Asking Price: | $595,000 |
| Gross Revenue: | $1,276,578 |
| Rent: | $17,500 |
| Established Year: | 2003 |
| Cash Flow: | $180,000 |
| Inventory: | $20,000 |
| EBITDA: | $180,000 |
Listing ID: 2045818Listing provided by BizBuySell
BUSINESS DESCRIPTION
This restaurant and nightclub is centrally located in the heart of 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. They are also reported to be only 1 of 2 venues that can offer bottle service, and they possess a unique conditional use permit (CUP) that allows them to operate as a nightclub after 10 pm without being required to offer food. Together with these favorable entitlements, the business has dance, DJ and live entertainment, and their CUP is said to be grandfathered in so an annual renewal is not necessary as it may be with newer venues.
DETAILED INFORMATION
Location
Orange, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
6,700
Employees
24
Facilities
This 6,700 square foot facility leases for a base rent of $17,500 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. One of the bars has a 14 tap beer system while the other bar has a 10 tap system; the front of house has an 8 terminal point of sale (POS) system. All of the business’s furniture, fixture, equipment, goodwill, Type 47 liquor license and
conditional use permit entitlements will transfer in the sale.
Competition
While competition exists in this popular area, this venue occupies prominent real estate at the epicenter of this entertainment corridor, and benefits 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.
Growth & Expansion
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.
Financing
Not offered but a small secured carry may be considered.
Support & Training
Seller will train for 2 weeks at 20 hours per week.
Reason for Selling
Personal
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