Inherit a short term bank debt at only 4% interest rate, landlord security deposit and escrow closing costs and take over this establishment with $2.7mm in 2023 sales revenues with original build out costs of $2.5mm. Sale includes 2 Bars both with ABC Type 47 hard liquor licenses, a fully equipped kitchen, full entertainment and dance permit, complete Audio-Visual system, and a 500+ capacity. "We stopped by last night to grab a bite before the Kings game...I'm not sure how these reviews are averaging 3.5. This was a really good and fun experience. We loved the ambience and the music and the drinks and of course THE FOOD! We shared the Orange Chicken that was zesty as well as an order of Shrimp that was high quality. We are definitely coming back!" This is a highly confidential listing and only after a conversation with the Broker concerning a Buyer's experience, financial qualifications & future vision will the name and address be divulged. No Tire Kickers please! To receive more information and discuss this opportunity with the broker along with the broker's connections for a long-term SBA loan solution, please complete the 'Non-Disclosure Agreement' on our website. We'll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.

General Info

  • OrganizationLLC
  • Established2018
  • Current Owner2018
  • Employees25
  • Reason For Sale Consolidating

Facilities

  • Seating500 Capacity
  • Square Feet7,200 + small patio
  • ParkingParking Structure
  • LicensesABC Type 47 & 58, Health Permit, Business License
  • Open HoursThursday - Sunday

Lease

  • Rent$23,000 Inc NNN
  • Expiration2027
  • Yearly IncreaseContact For Info
  • Option10 year option to renew
  • Deposit$31,000

Financials

  • Monthly Revenue $225,000
  • Monthly Cash FlowContact For Info
  • Annual Revenue$2,700,000
  • Annual Cash FlowContact for Info
  • PayrollContact For Info

Financing

  • Down PaymentContact For Info
  • Note BalanceContact 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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