Asking Price: $675,000 Gross Revenue: $1,800,000Cash Flow: $243,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 not included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
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.
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!
Laguna Beach Restaurant & Bar w/Liquor – Convenient Parking!
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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
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