This Santa Ana Restaurant and Bar is located in the heart of its popular historic district. The venue boasts a versatile layout in a prime location with liquor, sidewalk seating, convenient access and stellar street visibility. It charms its patrons with a captivating ambiance, masterfully crafted cocktails, and exceptional customer service. With an array of handpicked spirits and innovative concoctions, this trendy establishment has become a favorite among locals and visitors alike, making it a must-visit destination for anyone seeking a memorable night out This is an asset only sale; the name, menu and concept will not be included in the sale.
- Asking Price:
- $299,000
- Sales Revenue:
- $12,000
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$7,000 per annum
- Location:
-
Santa Ana, CA
- Premises Details:
-
This 2,600 square foot venue plus patio leases for $7,000 per month including common area maintenance (CAM) expense on a lease until 8/1/27 with three 5-year options. All of the business’s furniture, fixtures, equipment, Type 47 Liquor License and lease will be included in the sale, however, this is an asset only sale. The business’s name, menu and concept will not be included. An estimated $5,000 in liquor inventory will be sold at cost at close in addition to purchase price.
- Size in square feet:
- 2,600
Business Operation
- Expansion Potential:
-
New operators may take this clean, attractive build-out, versatile layout, and prime location in any number of directions with a wide variety of concepts. The condition use permit (CUP) allows for alcohol service from 8 am to 12 midnight 7 days per week, though gross food sales must exceed alcoholic beverage sales, ensuring that the venue maintains a strong basis in food sale as opposed to operating as a cocktail lounge concept (no live entertainment is permitted).
- Competition / Market:
-
Downtown Santa Ana is a highly popular dining and entertainment district. As such competition certainly exists, however bar and restaurant is able to charm its patrons with a captivating ambiance, masterfully crafted cocktails, and exceptional customer service. With an array of handpicked spirits and innovative concoctions, the trendy establishment is a must-visit destination for anyone seeking a memorable night out. Its location, layout and characteristics and entitlements provide it highly attractive competitive attributes.
- Reasons for selling:
-
Personal
- Years established:
- 2017
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20 hours per week ar as negotiated.
- Financing available:
-
Seller will agree to a small secured carry for a creditworthy buyer, based on their overall offer and experience, in order to facilitate an SBA or conventional loan.
- Furniture / Fixtures value:
- $40,000
- Inventory / Stock value:
- $5,000
