This coastal Orange County bar, live music, and dining hot spot is a favorite with music fans throughout the county and beyond! This popular entertainment venue has a bit of everything, including unmatched freeway access and street visibility in a marquee location that boasts a spacious bar, dining, dancing, and stage for live entertainment, as well as plentiful onsite parking.
- Asking Price:
- $695,000
- Sales Revenue:
- $2,250,000
- Cash Flow:
- $200,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$375,000 per annum
- Premises Details:
-
This 8,500 square foot restaurant and bar, which is located in one of Orange County’s most popular entertainment locations, leases for $31,252 per month on a lease that will expire in August 2023, with two 5-year options. All of the business's furniture, fixtures, equipment, Type 47 Liquor License, and live entertainment entitlement will be included in the sale. An estimated $50k in inventory will be sold at cost. Brand specific assets will not be included.
- Size in square feet:
- 8,566
Business Operation
- Expansion Potential:
-
New management will want to capitalize on the location’s key attributes by implementing a customer-embraced concept that can draw a crowd and provide a repeatable, unparalleled dining and entertainment experience.
- Competition / Market:
-
Each Orange County enclave has its own entertainment districts. This Orange County venue is centrally located in one of its most sought-after coastal communities, providing stellar access from every direction. The venue’s main throughway location and coveted entitlements provide it a significant advantage over competing entertainment alternatives.
- Reasons for selling:
-
Personal
- Years established:
- 2022
Other Information
- Furniture / Fixtures value:
- $100,000
- Inventory / Stock value:
- $50,000
