Rare Downey Restaurant, Bar & Entertainment Venue
Exceptional opportunity to acquire an established restaurant, bar and entertainment venue in Downey with a long history of dining, nightlife and live entertainment.
This is much more than a traditional restaurant opportunity. The venue offers an extensive existing build-out designed to support food service, bar operations, live entertainment, dancing and private events—giving an incoming operator multiple potential revenue streams under one roof.
The facility features a full commercial kitchen, established bar, stage, dance floor, professional sound/speaker equipment, multiple TVs, refrigeration, tables, chairs, bar stools, restaurant equipment and extensive furniture, fixtures and equipment (FF&E).
A major advantage is the location's established history of live entertainment and dancing. City records have identified the premises as a restaurant with live entertainment, and the location has operated under several restaurant and nightlife concepts over the years. The business also operates with a Type 47 On-Sale General Eating Place liquor license, permitting the sale of beer, wine and distilled spirits, subject to ABC requirements and transfer approval.
The existing infrastructure offers a new operator tremendous flexibility. Potential concepts could include a restaurant and bar, supper club, live-music venue, Latin nightclub, sports bar, event venue, private-party destination or an entirely new entertainment concept, subject to applicable approvals.
There is additional growth potential through private events, corporate functions, birthdays and celebrations, live entertainment, themed nights, bottle service, happy hour, brunch, sports-viewing events, catering and strategic partnerships with promoters and entertainment professionals.
An additional benefit is that one of the current owners is willing to provide up to three weeks of training and transition support to help the new owner become familiar with the operation.
For the right operator, this represents an opportunity to acquire an already established and substantially built-out restaurant and nightlife venue rather than starting from an empty space and building a similar operation from the ground up.
Business only — real estate is not included.
Serious and qualified inquiries only. Proof of funds and confidentiality agreement may be required before detailed financial information is released.
Liquor licensing, entertainment approvals, permitted uses and their continuation or transfer are subject to applicable ABC, City, landlord and other governmental requirements and buyer verification.
Monica G. Vargas | Castlerock Properties