Description

This Gaslamp restaurant and bar with a full liquor license and entertainment permit has been a customer favorite for several years. This opportunity allows its buyer to own a seasoned and successful location with the ability to operate until 2am with live entertainment and showcase DJs 7 days per week. The business boasts a contemporary California menu, but could thrive with a variety of concepts, in addition to operating as a lounge in the late evenings.

This 2,200 square foot facility leases for $10,761 per month including NNN expenses, with lease coverage through 2025 including the 5-year option. All of the business's furniture, fixtures, equipment, Type 47 Liquor License and all transferrable licenses will be included in the sale. Inventory estimated at $30,000 will be sold cost at close in addition to the purchase price at.

Competition is considered to be high in the Gaslamp district, however this business has a unique corner location, open air windows, and a patio. This layout, coupled with the venue’s licenses, provide it a unique advantage over other comparable area venues.

The business has plenty of growth potential. The facility has historically been more successful as a nightclub so a concept modification to promote to and capitalize on the late night entertainment market could significantly increase revenues. Additionally, an updated website, active social media campaign, and other marketing programs not currently being pursued should positively impact revenues.