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Established Restaurant & Nightclub W/huge Patio, Ideal Entitlements! In Fullerton For Sale

Fullerton, California - South, US
Asking Price:
$295,000 Furniture / Fixtures included
Sales Revenue:
$1,080,000
Cash Flow:
$12,000

This Fullerton restaurant and nightclub boasts a huge outdoor patio, enormous kitchen, main street visibility and ideal entitlements including dance, live entertainment and an approved indoor cigar lounge / smoking area.

The venue is set up to simultaneously operate as a restaurant or banquet facility, a bar, lounge or nightclub, and a cigar club – all with access to an outdoor patio that may be partitioned accordingly.

In the daytime the space hosts food-driven events, while in the evening it transforms into a nightclub. It boasts a spacious paid parking lot and adjacent parking structure.

Property Information

Real Estate:

Lease

Leasehold Rent:

$26,000 per annum

Premises Details:

This 6,000 square foot venue with a 2,500 square foot outdoor patio leases for $26k per month. This venue will have a new lease with options to be determined in the sale. An estimated $10k in inventory will be sold at cost at close in addition to purchase price.

The space is comprised of 4 distinct area that may be separated or seamlessly operate in conjunction with one another. The main bar, lounge and nightclub has a 223 patron occupancy. The banquet room is approved for 89 persons, the cigar lounge indicates 23 and the exterior patio can officially accommodate 78 patrons, for a 400+ person total occupancy (all data to be verified).

The facility’s kitchen has a double-sided hood, with a convection oven, oven and range top and double soup / sauce burners, while the main line has 2 – 2 bucket deep fryers, 2 griddles and a large grill. In addition to an 8 foot salad preparation table, there is an enormous general food preparation area, a dishwashing room, a walk-in cooler and separate walk-in freezer and manager’s office. The lounge has a raised DJ booth.

Size in square feet:
6,000 + 2,500 Patio

Business Operation

Competition / Market:

This establishment competes fiercely in the culinary and nightlife scene, boasting a diverse menu and a seamless transition into a dynamic nightclub experience. Its edge lies in the venue’s location, entitlements, and high-quality dining experience in a contemporary setting. Of course, its nightlife element remains its most distinguishing factor, with a lively atmosphere with diverse music and a well-curated beverage selection. The venue's ability to blend upscale dining with vibrant entertainment sets it apart as a standout choice for a comprehensive offering.

Reasons for selling:

Personal

Employees:
15
Years established:
2015

Other Information

Support & training:

Seller will train for 1 week at 20hrs.

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

Seller may consider a small, secured carry to a creditworthy buyer with sufficient experience to facilitate an SBA or conventional loan, based on overall offer.

Furniture / Fixtures value:
$50,000 - included in the asking price
Inventory / Stock value:
$10,000