Upscale Old Town Temecula California Modern Restaurant and Bar

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Top Rated Restaurant - Relocation Forces Sale
Asking Price:
$850,000

Gross Revenue:
$1,750,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
$30,000
included in asking price

FF&E:
$425,000
included in asking price

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Business Description

Exclusive opportunity to purchase The Nightingale, a premier, upscale restaurant located in the classiest building in Old Town Temecula. This is one of the most popular restaurants in the region attracting both locals and tourists from Los Angeles, Orange County and San Diego. The restaurant is all new construction with over $1.6 million invested into the tenant improvements, furniture, fixtures, equipment, liquor license and operating capital. It boasts a professionally designed interior and fully equipped, highly functional kitchen. It is a bright and open floorplan with 3,687 rentable sf and a seating capacity of 95+. The dining room has a warm ambiance and features an open line kitchen, craft cocktail bar and fully enclosed glass wine cellar holding over 1,000 bottles.

The Nightingale’s welcoming California Modern menu offers delicious made from scratch dishes using the freshest ingredients available. The extensive craft cocktail bar and expertly procured wine cellar have become a favorite of locals and tourists alike. The Nightingale was just awarded the 2019 Wine Spectator Award of Excellence.

About the Business

Location:
Temecula, California
Year Established:
2018
Number of Employees:
22
Real Estate:
Leased
Building Sq. Ft.:
3,687
Rent:
$11,061.00 Per Month
Lease Expiration:
5/31/2029
Facilities:
The Nightingale is located on the ground floor of a classic Turn of the Century building in the craft food district of Old Town Temecula. The building is a Class A, 4 story, mixed use building with over 250 employees. It is adjacent to the fully approved Truax Hotel, a 151 room boutique hotel along with a 500+ space automated parking structure slated to break ground in Sept. 2019. Directly across the street from the restaurant is the City of Temecula Civic Center and City Hall which includes a 350+ space parking garage.The Nightingale is in a prime freeway visible location with easy access from 2 major freeway interchanges.
Website:
thenightingaletemecula.com
Market Outlook/
Competition:
There are a very limited number of upscale restaurants in the Temecula Valley and with tourism spending growing to $1.1 billion in 2018 there is very strong potential to grow this concept. The number of tourists coming for overnight stays is also increasing rapidly creating more demand for upscale dining experiences.
Growth & Expansion:
The Nightingale is poised for tremendous growth for a new experienced operator and with an influx of some additional operating capital. The value add opportunities include expanding the current menu, adding a lunch menu and lunch hours, growing the weekend brunch, building on the already successful pairing events and partnering with local wineries to host wine club events.
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About the Sale

Reason For Selling:
The owners relocated to be with family in Alaska where they are from.
Training/Support:
Seller is negotiable on providing support and training.

Listing Info

ID:
1649347
Ad Detail Views:
579

Attached Files Attachment Disclaimer

  Offering Memorandum (8 MB)
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Business Listed by

Terri Delhamer

GRE Land and Commercial Real Estate
License# 01007118

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