Huntington Beach Beer and Wine Sports Bar with Full Kitchen

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $199,000
Cash flow: $54,000
Revenue: Not Disclosed
Gross Income: $300,000
Inventory: $1,000 - Included in the Asking Price
FF&E $50,000 - Included in the Asking Price
Real Estate: Not Disclosed

Business Details

This 5,000 square foot beer and wine sports bar behemoth is centrally located in Huntington Beach. The sale comes with a beer and wine license, kitchen equipment, and all of the furniture necessary to make for a seamless transition.

Facilities:
The 5,000 square foot facility leases for $7,200 per month including CAM. The current lease come with a four year option, with an anticipated 4% increase. All of the kitchen equipment, furniture, fixtures, beer and wine license, goodwill / intangible assets, etc. will transfer in the sale. The facility is extremely versatile and may house a variety of different concepts including a large restaurant, a full bar operation, a pub style venue, etc. The building has an office, a dry storage / wine storage room, and room for any number of modifications.

Financing:
Owner May Consider a Small Carry with Substantial Down

Support:
Owners will train as necessary, however, 2 weeks at 20 hours per week is inlcuded in the purchase price.

Competition:
Huntington Beach has a number of casual bars and restaurants. As such, competition is considered moderate.

Growth:
New owners may seek to continue to elaborate on the existing concept, add promotions, expand the menu beyond basic bar food, etc. New owners may also seek to completely revamp the concept to be a full service restaurant, bar or pub style operation.

General Information

Reason Selling: Personal

Number of Employees: 5
Year Established: 2004