CASH MACHINE! Consistently profitable restaurant and bar with a 47 license.
2018 profit was $472,685
2017 profit was $481,780.
PRE-APPROVED BY TWO SBA LENDERS SUBJECT TO BUYER QUALIFICATION;
Major freeway interchange frontage! Surrounded by high rise office buildings, including an 8 story high rise with 2000 employees! There are over 5000 residents and employees within a block of the restaurant. 500,000 people live and work within a one and one half mile radius of the restaurant A new 443 unit apartment building is currently under construction nearby. Both the front and back of the house are impeccably maintained and a turn-key operation with all of the necessary FFE to run the business. The 800 SF patio with misting system seats 100 people and the interior has a seating capacity of 181! Entertainment permit permits live music or a DJ! 75 car parking! A partial list of the FFE included in the sale: 21 tap beer dispenser. 6 terminal POS system. Captive Aire hood with Ansul sytem. Sony sound system with (18) QSC speakers; 2 Crown amplifiers; 10'x8' screen with projector; (2) Duracold walk in coolers, Artic Air, True, Everest, and Duracold freezers and coolers; American Range 6 burner range with oven and American Range grill. LED wall mounted (16) televisions throughout the restaurant and patio; Extensive, framed collection of photos, movie memorabilia, and guitars (some exclusions TBD). Back of the house by appointment only. NDA required including proof of funds and restaurant experience. Employees unaware of sale. Do not disturb.
- Current Owner2011
- Employees(2) FT + (14) PT
- Reason For SaleRetirement
- Seating181 interior + 100 patio
- Square Feet5242 + 800 SF patio
- Parking75 car on site
- LicensesABC 47, Entertainment permit, County Health permit, City business permit.
- Open HoursM-Tu 11a-10p; wed-thur 11a-12a; fri-sat 11a-1a; Sun 11a-10p; Sat football season, 10a-1a; Sunday football season, 9a-10p
- Rent$10,068 + NNN
- Yearly IncreaseFixed rent adjustments
- Option2 x 5 year at fixed rents
- DepositContact For Info
- Monthly Revenue$144,028
- Monthly Cash Flow$35,983
- Annual Revenue$1,728,336
- Annual Cash Flow$431,796
- PayrollContact For Info
- Down Payment$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.