Classic Restaurant And Lounge In San Diego For Sale

Business description

This classic restaurant and lounge with liquor, live music, parking and great rent has been a long time, East County San Diego favorite drinking and dining location for years. This facility offers a unique dining experience as well as a separate lounge with live music, dancing and opulent cocktails. This turnkey restaurant is in excellent condition, and will allow a new owner to continue this already successful concept with little, if any, improvements or modifications. The restaurant includes a full kitchen, walk-in refrigeration, office with surveillance system, employee restrooms, plenty of storage, patio, ADA restrooms, and its own parking lot with approximately 45 spaces.

Property information

Real Estate:

Lease

Lease terms:

This 5,500 square foot facility leases for a low $6,000 per month including common area maintenance expense. The lease is valid until May 2013 with one five year option.

Location:

This 5,500 square foot facility leases for a low $6,000 per month including common area maintenance expense. The lease is valid until May 2013 with one five year option. The sale includes the liquor license and all of the furniture, fixtures and equipment, owned free and clear, as well as $3,000 of inventory at cost included.

Size in square feet:

5,500

Other information

Expansion potential:

This restaurant has excellent upside potential. As it generated average monthly revenues of $87,000 in 2010, a full time working owner that can dedicate more time to the operations and marketing should be able to increase efficiencies and decrease expenses, while building on the already successful concept. New owners may seek to capitalize on the live entertainment by having dance, karaoke or rat pack inspired music or jazz themed events.

Competition / Market:

Competition is medium as other restaurants exist in the area, however this location and truly classic facility provide a unique concept and ideal layout unmatched by local competitors.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Owner financing:

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

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$3,000 (included in the asking price)