This is a unique opportunity to own a restaurant, bars, entertainment venue plus the REAL ESTATE that cost over $12 Million to build out. It is located in one of the most desirable beach towns in Southern California. Much of the facility has spectacular views of the Pacific Ocean, which is just across the street. The 12,157 sq ft restaurant has several dining areas, a number of bar areas, cocktail lounges, outdoor seating areas and a fabulous entertainment center with a music and sound system (including a Recording Studio) which was built out at a cost of approximately $1 Million alone. There are luxurious private and semi private dining rooms fully equipped with a state of the art audio/video systems which is a great venue for weddings, rehearsal dinners, business entertaining and other private events. The building is totally turn key and meets all current code requirements. The seller is quasi-absentee. A hands on owner operator with a new name, menu and concept would appeal to a broader target market which could generate $10 Million+ in sales. This site could also possibly be developed for other uses as it is zoned C-1. The lot size is one half+ acre and includes in addition to the building a parking lot with 40+ spaces plus off site parking for 70+ spaces. There is $8.6 million of assumable financing at desirable interest rates in place at this time.

General Info

  • OrganizationContact For Info
  • EstablishedContact For Info
  • Current OwnerContact For Info
  • EmployeesContact For Info
  • Reason For SaleOther Interests

Facilities

  • Seating525
  • Square Feetbldg -12,157 including patios; lot - 22,500
  • ParkingParking lot 40+ spaces + additional parking for 70+ spaces
  • LicensesABC Type 47 (hard liquor), Business
  • Open Hours7 / Lunch & Dinner Daily + Bar/Lounge Later Hours

Lease

  • RentReal Estate Included
  • ExpirationReal Estate Included
  • Yearly IncreaseReal Estate Included
  • OptionReal Estate Included
  • DepositReal Estate Included

Financials

  • Monthly Revenue$500,000
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$$8.6 million assumable financing at desirable interest rates
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location