GREAT CASH FLOW BUSINESS WITH LOW RENT !   Long term lease with two (2) five (5) year options. Current base rent is $2700/month NNN until 2023.  The Restaurant and Bar  is in a stand-alone building of approximately  3,000 +/- SF with abundant free parking.  The floor plan consists of a large 18 seats 30 foot long bar, 12 tables,    and 4 booths that surrounds a karaoke/dance/music area, The business also has coin operated Pool Tables, ATM, California Lottery and Jukebox's that generate extra monthly cash! The  kitchen has a prep area, with refrigeration, freezers, stoves/oven, broilers, fryers and complete venting system. The business is within walking distance of upscale 450 residential condos and a shopping center with a multiplex movie theaters.  After 31 years owner is motivated to retire!

General Info

  • OrganizationSole Proprietorship
  • Established1987
  • Current Owner1987
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seating120
  • Square Feet3000
  • ParkingParking lot
  • LicensesType 47
  • Open HoursContact For Info

Lease

  • Rent2700
  • ExpirationJanuary 31, 2023
  • Yearly Increasenone
  • OptionTwo (2) Five (5) Year options
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash FlowContact For Info
  • Annual RevenueContact For Info
  • Annual Cash FlowContact For Info
  • Payroll$Contact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • 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.

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