Attractive restaurant & bar with great reviews near the Strand in Huntington Beach. Open short hours for dinner only Monday-Thursday, with lunch & dinner Friday-Sunday. Part time owner-operator works approximately 20 hours a week remotely. Well equipped kitchen includes: Two hoods, one front of the house one back, walk-in cooler, walk-in freezer, 8 tap beer kegerator, 2 fryers, 6 burner stove, 4 prep stations with refrigeration, 2 large steam kettles, undercounter refrigeration, dishwasher, rice cooker, food warmers, ice maker, microwave, blender. Front of the house includes: POS system, security/camera system, sound system, 4 TV's, tables, chairs etc. Restaurant is marginally profitable, selling as an asset sale.

General Info

  • OrganizationLLC
  • EstablishedContact For Info
  • Current Owner2014
  • Employees9
  • Reason For SaleOther Interests

Facilities

  • Seating48-52
  • Square Feet1786
  • ParkingStreet and public lots
  • LicensesBusiness License, ABC license, health department permit
  • Open HoursMon-Thurs 5:00PM-8:30PM Frid-Sun 11:00AM-9:00PM

Lease

  • Rent$7,700 cams $1,500
  • ExpirationSept 30, 2022
  • Yearly Increase3%
  • Option5 years
  • Deposit$24,000 approx.

Financials

  • Monthly Revenue$47,542
  • Monthly Cash FlowContact For Info
  • Annual Revenue$570,504
  • Annual Cash FlowContact For Info
  • Payroll$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.

Location