Patio Restaurant With B&W & Hookah Licenses
Location California,United States
Asking Price Range < $250K
Gross Revenues $225000
Net Profit / Cash Flow $47330
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training 2 weeks 30 hours per week.
Reason for Sale Just got baby, will pursue other career.
Description Asking Price $125,000. Email or call Vic 818-571-5628. Beautiful Large Patio Restaurant for sale with Full Kitchen, Beer and Wine License, and Hookahs (Shisha). This Business Is The Last Remaining Restaurant That Allows Beer And Wine Along With Food And Hookah. This business has Hookah Lounge license officially permitted by the City of Anaheim, all permits has been obtained by Architectural plan which was approved by the City and fire Department. It will transfer to the Buyer because of protection under Grandfather clause. It's almost impossible and very difficult to start up and to obtain Hookah Lounge License. Potential to Upgrade to A Full Liquor License (Buyer Must Verify). Lots of Parking Space in the Front and Back. Brand New Heating And Air Conditioning Unit Just Installed. This Is A Great Place To Hang Out. There are Game Machines which bring in lot of cash Revenue. Also Potential to Increase Revenue by Extending the Hours of Operation to Include Breakfast and By Adding Delivery Service. Conversion possibilities to any concepts including Family type Restaurant. Unlimited Potential And Hard To Find Large Patio Restaurant With Huge Free Parking. Great Location in a Busy Area!
Marketing: Grandfathered protected to run the business as a hookah lounge to serve hookahs and has a beer and wine license. Has a gourges patio with a great middle eastern atmosphere.
Strengths & Opportunities: City will not allow the new businesses to open a hookah lounge. This means no future competition to the businesses already has an existing hookah lounge license or permit.
Area, Facilities & Equipment: Very nice area blended with both commercial and residential, lot of residential apartments nearby, great location to do a catering and add a delivery. Owner will sublease it to qualify buyer, low rent of $2,500 for 1,500 Sq. Ft. modified gross Lease.
All the equipments are in good and working condition.
Click Here To Contact Seller
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