This restaurant and nightclub is centrally located in the heart of Fullerton’s highly
popular entertainment corridor. The venue boasts an occupancy over 540, which is
reported to be the highest of any bar or nightclub in the area. They are also reported to
be only 1 of 2 venues that can offer bottle service, and they possess a unique conditional
use permit (CUP) that allows them to operate as a nightclub after 10 pm without being
required to offer food. Together with these favorable entitlements, the business has
dance, DJ and live entertainment, and their CUP is said to be grandfathered in so an
annual renewal is not necessary as it may be with newer venues.
- Asking Price:
- $595,000
- Sales Revenue:
- $1,276,578
- Cash Flow:
- $180,000
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
This 6,700 square foot facility leases for a base rent of $17,500 per month on a lease
with just over 5 years remaining. They have 2 bars, a stage, outdoor patios as well as a
spacious kitchen with a walk-in. One of the bars has a 14 tap beer system while the other
bar has a 10 tap system; the front of house has an 8 terminal point of sale (POS) system.
All of the business’s furniture, fixture, equipment, goodwill, Type 47 liquor license and
conditional use permit entitlements will transfer in the sale. Approximately $20,000 in
inventory will be sold at cost at close in addition to purchase price.
Business Operation
- Expansion Potential:
-
The business could likely benefit from the presence of a fully engaged full-time owner
operators with industry experience. This will not only help to ensure top quality
customer service, but also a top quality dining experience, the most alluring ambiance
that caters to today’s patrons, a competitive entertainment offering and the resultant
maximum restaurant, bar, bottle service and door revenues.
- Competition / Market:
-
While competition exists in this popular area, this venue occupies prominent real estate
at the epicenter of this entertainment corridor, and benefits the most comprehensive and
operator-friendly entitlements of all of the options within the comparative set. As such,
competing venues are hard-pressed to match this one’s unique attributes.
- Reasons for selling:
-
Personal
- Trading hours:
-
Tue, Thu – Sat 5 pm – 2 am
Wed 5 – 10 (Restaurant only)
- Employees:
- 24
- Years established:
- 2003
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20 hours per week.
- Financing available:
-
Not offered but a small secured carry may be considered.
- Inventory / Stock value:
- $20,000
