CA. renowned Restaurant, Liquidation sale, Major Price Reduction Beach

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Asking Price:
$250,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$805,000
included in asking price

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Business Description

Major Price Reduction… liquidation Sale, California Renowned Restaurant, Major Price reduction now only $250k. What are you waiting for it is your time to set up. Located in a major Ocean view area in one of San Diego's most esteemed locations (DM/LaJolla)for locals and tourists alike, herein lies the closest reflection of every upscale restaurateur's dream. Buyer should have some food experience or hire a Mgr that does. Immediately upon entering, patrons are captivated by a sense of grandeur and awe at the beauty of this modern, sophisticated banquet hall, with fully equipped service kitchen, 3 bars, multiple private event spaces, entertainment area, full liquor license, plenty of parking and more.
Seating capacity approx, 450. This beautiful and stunning restaurant has over $2.5MM in improvements and added features. Utilized for Weddings, seminars, Business meetings, holiday events, Bar Mitzvah, Christian events, graduations, etc.Type 47 liquor license, entertainment license on weekends.

Operating as a full service restaurant- and weekend entertainment center as a late-night lounge on the weekends, this muti-use venue has enough to offer for both passers-by and the local nightlife. This beautiful venue also hosts several private events throughout the week including weddings, corporate events, birthday parties and more.

Current owner is renowned for opening many other local restaurants and nightclubs, would like to sell to prospective investors or corporation with experience in fine dining in order to focus on upcoming projects outside of the area. The savings on the rent equates to $2MM dollars over 15 years going forward in this special location. Multi purpose restaurant, lounge, entertainment, liquor license, kitchen easily serves 400 people, prime high demographic location
major events primarily
long term lease, 16 years
great rent factor for 10k sf
entertainment area
full liquor license 47
Underground parking
one block from ocean
and much much more,

restaurant, food,
Buyer requirements are $600k Net Worth and $300k liquid funds.
You'll need to sign our NDA and Buyer Profile forms, ask for Hal Janke, CBI, CBB, Bkr
info@omegbusinessadvisors.com

DISCLAIMER: The information contained in this advertisement was furnished by the seller. Sunbelt Business Brokers of San Diego or its agents have not verified the information and make no representations as to its accuracy or reliability.
restaurant, ocean view, food, beverage,

About the Business

Location:
San Diego, California
Year Established:
2017
Number of Employees:
5 to 12
Real Estate:
Leased
Building Sq. Ft.:
10,050
Rent:
$2.10 Per Month
Lease Expiration:
2/1/2032
Facilities:
Stunning none compare.
Market Outlook/
Competition:
Some competition but this venue is very unique to its competitors.
Growth & Expansion:
Plenty of room for growth and expansion.
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About the Sale

Reason For Selling:
Other business endeavors – out of area.
Training/Support:
4 weeks.
Seller Financing:
100,000

Listing Info

ID:
1569962
Ad Detail Views:
52

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$
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Business Listed by

Hal A. Janke, Pres., CBI, CBB,FIBBA

Sunbelt Business of San Diego
License# 01239761

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Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.