Sports Bar With Pizza In Huntington Beach For Sale

Business description

This is a sports tavern with multiple TVs, fixed bar and Tap Beers, and also has a Pizza Franchise with it.. You can keep the franchise with a monthly royalty fee that is fixed at $750 / mo. Franchise training in Los Angeles at no charge to buyer. Buyer has the option to purchase without the franchise, whereby the buyer needs to remove & return all of the franchise signage & logos at close of escrow to the seller. The location is an end cap in a large center with signage on 2 sides. High traffic counts, prime location with great visibility, a good lease & not far from the beach. Seller states additional options may be available. Nice pizza parlor, clean & neat. A buyer can change concept there with landlord’s permission, but you have all the equipment in place for pizza, which is great bar food. Lots of business & residential all around. There is a lot of value buying this business because of the costs to build out a location like this, with the valuable lease & it is fully equipped, turn key in a prime Huntington Beach location. It needs an operator in place.

Property information

Real Estate:

Lease

Lease terms:

This is a gross lease, no NNN fees! Unit is apx. 3300 sq ft, rent is only $3,874 / mo. Current term has 4 years left + a 5 yr. option.

Leasehold rent:

$46,488 per annum

Location:

Located in a large center on a busy street. Prime visibility in center with national tenant. End unit at the street. There is a lot of businesses around & affluent residential, not far from the beach. High traffic counts. You can take over the franchise or use your own concept in this sports tavern / pizza restaurant

Premises details:

Hi visibility end unit, high traffic flow. Apx. 3300 sq. ft. Freestanding bar inside, draft beer, neat & clean location. Good rent with a good gross lease in an affluent area. Busy center draws traffic.

Size in square feet:

3,300

Business Operation

Expansion potential:

Great pizza franchise concept with plans to expand this year & next! Marketing, & a motivaed operator will increase sales & profits. The price of purchasing this business easily is a deal since itf you intend to buy a location like this, with the outstanding lease, beer & wine license, equipment, etc will easily cost you twice the amount. This is a deal for a good operator.

Competition / Market:

This is a "dual use" business that can easily grow with an operattor & marketing

Reasons for selling:

partnership dissolution

Trading hours:

7 days per week from 11 Am - 10:30 PM

Employees:

manager run, 11 part time employees

Years established:

many years, these partners for 1 year

Franchise terms

Franchise opportunity:

Yes

Free trasining. Royalty & advertising is fixed at $750 / mo. combined. Free training in Los Angeles

Other information

Support & training:

Free franchisor training in Los Angeles, if you decide to keep the present concept. Otherwise up to 2 weeks at close of escrow

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Purchase this gem for only $195,000. Seller wants $100K down & will carry the balance of $95,000 on terms to be negotiated.

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$5,000

Related documents:

• 
• Business Overview