Laguna Beach Restaurant & Bar w/Liquor – Convenient Parking!

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Asking Price:
$675,000

Gross Revenue:
$1,800,000
Cash Flow:
$243,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This Laguna Beach restaurant and bar with liquor boasts a high visibility main beach area location with multiple highly coveted public parking facilities nearby! The venue has a spacious kitchen, large walk-in cooler, on-site manager’s office, wine room and dry storage area. The kitchen is equipped with a large griddle, grill combination oven / with stovetops, convection oven, dishwashing unit and three bucket sink. The bar, which is equipped with a tap system, can accommodate up to 15 patrons.

About the Business

Year Established:
2011
Number of Employees:
32
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Amount/Mo.:
$14,800.00
Facilities:
This 3,000 square foot venue has occupancy for nearly 90 patrons. It rents for $14,800
per month on lease that expires in 2021 with options to be determined. All of the
facility’s furniture, fixtures, equipment and Type 47 Liquor License will be included.
Approximately $10,000 in beer, wine and liquor inventory will be sold at cost at close.
Market Outlook/
Competition:
While Laguna remains a competitive market, there are a limited number of competing venues that boast the liquor entitlement. Fewer still have the type of high visibility location with convenient parking, customer access and are walkable’ from anywhere in the main beach area like this location is. As such, this bar and restaurant possess a built-in competitive advantage in an area where prime locations are a scarce commodity!
Growth & Expansion:
New operators may wish to take this location in any number of directions. This business thrives with its current concept however it could also prosper as a martini bar or a fine dining venue (e.g. steak, seafood, Italian, French, Asian fusion) or potentially as a neighborhood sports bar and grill, gastropub or fast casual concept with the benefit of liquor and a full service bar!
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About the Sale

Reason For Selling:
Personal
Training/Support:
2 Weeks at 20 hrs/wk

Listing Info

ID:
1485776
Ad Detail Views:
453

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U.S. Census Data for Orange County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Orange County, CA
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Source: American Community Survey (2010-2014), United States Census Bureau.

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