Restaurant With Liquor, Patio, Music & Parking
Location California,United States
Asking Price Range < $250K
Gross Revenues $420000
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1969
Number of Employees 6 - 9
Inventory 32000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks at 20 hours/week
Reason for Sale Personal
Description This Poway restaurant with liquor, large patio, live music and parking is a beautiful facility that boasts an amazing view and is priced for immediate sale. The facility is in good condition and includes all the necessary furniture, fixtures and kitchen equipment for an operator to continue the existing concept or implement a number of other new ones that may thrive in the area. The unique layout and large patio allow an owner to offer customers several different dining experiences, coupled with providing them the ability to offer live music and dancing entertainment.
Asking Price $125,000.
This 2,600 square foot facility (plus patio space) leases for $5,625 per month including common area maintenance expense. The landlord will likely offer a new five year term with a five year option. The sale includes all the business assets including the furniture, fixtures, equipment, trade name, liquor license and approximately $2,000 in inventory.
Though Poway is considered a small market it has a limited number of eating establishments. As such, the opportunity exists for a new restaurant to quickly capture market share; especially if it can offer patrons live music, dancing or other forms of entertainment.
This business has tremendous growth potential. The current owner discontinued many of his marketing campaigns, thus providing new management the opportunity to aggressively market the existing concept, relaunch the business with a revitalized look, or launch an entirely new enterprise. Any number of concepts may work in this location including chop house, Asian, Mediterranean, Italian, Mexican, American, craft brew houses or sports bar.
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