Details - Information last confirmed on March 18, 2021
This restaurant and nightclub is located in the heart of Fullerton, one of Orange County’s most popular entertainment corridors. The venue boasts an occupancy over 540, which is reported to be the highest of any bar or nightclub in the area, and are authorized for dance, DJ, live entertainment, bottle service, door charges and to operate without food service – all reported to be with a conditional use permit that does not require a regular renewal.
This 6,700 square foot facility leases for $16,250 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. Both bars have comprehensive tap systems while the front of house has a near 10 terminal point of sale 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.
While competition exists in this popular area, this venue occupies prominent real estate at the epicenter of this entertainment corridor, and it benefits from what appear to be 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.
As the founders do not hail from the entertainment or hospitably industry, 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.
Training: 2 Weeks at 20 hrs/wk
Note - the Financials represent pre-COVID19 performance
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.