Live Music Bar / Dance Club
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $360000
Net Profit / Cash Flow $120000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1988
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Description This is an amazing beer and wine bar for sale, three blocks from the beach in sunny San Diego, CA! It is a turn-key operation with an above average appearance. Currently only open 3-4 nights per week with the possibility for 7 nights per week. Current owner has another business and is not available to manage this location every night of the week. This establishment has a beer and wine permit which is impossible to get in pacific beach any longer! It is extremely rare for an opportunity like this to come up for sale and won't be on the market long. This is a large cash business doing approx. 40% beer and 60% mixed cocktails sales. The cost of drinks are 7-8 each.
This establishment has a 150 person capacity. It has a permit for entertainment and dancing which is extremely hard if not impossible to get in pacific beach as well. It has availability for live bands Thurs, Fri and Sat making it a great cocktail lounge with possibility to expand to more clientele. There are 7 large screen t.V.S, making it a great possibility for a sports bar. Also has a full DJ set up with speaker and sound system making it a perfect spot for a dance club. The seller put in over $80,000 in renovations and technology when he bought it. Currently they do open other nights for ''private party'' sales for rentals with high potential for expansion in the location and market. As of now, there is no cover charge. This could easily be charged as is customary with many other businesses in the area. The rent is $4,950/ month which includes triple-net cost. The lease is until 2012 with a 5 year option. This business has been established for 20+ years and the current owner has had it for 6 years. The owner's reason for sale is that he has another business that requires most of his time and is getting burned out.
This is a prime location in San Diego with heavy traffic and a great investment opportunity! Email or call John Homan, broker, Business Opportunities America 619-279-7522.
Click Here To Contact Seller
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