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#5275
San Diego

Full liquor, packed house-Cash Cow bar and club with live bands

$399,999
Full liquor, packed house-Cash Cow bar and club with live bands
This Listing is Expired

Want to Get Into The Club Business?  Start By Clicking Here to Sign NDA. 

Here is the club and restaurant you have been looking for. This is a nearly all cash business that actually has books to review!

Seller may consider financing with your good credit and experience.

Completely renovated and remodeled. Full kitchen and two full bars this is a great set up.

Location is raking in the cash. Owners have operated location for nearly fifteen years and are tired of the club and restaurant business. They are ready to cash out and turn the bar over to the next success minded owner, it's your turn.

Are you ready for the club ownership lifestyle, late nights filled with lots of cash counting, yes it's a tough job but someone has to do it!  . 

The location is outstanding with no competition anywhere around the place, it’s the only club like this for miles, located in an upper middle income area. The location is just minutes from downtown San Diego, The South Bay area and most other parts San Diego County. This club and restaurant is close to all with plenty of parking, easy in and out access and great rent. This is the total package. Club and bar business is booming, Thursday-Saturday is standing room only, with the nightly specials that draw crowds in for the fun, good times and great food and drinks.  

The full kitchen includes hood system, fryers, grill, stove tops and allows for supplemental business that currently is barely being tapped. The rent is the same whether you capitalize on all the opportunity or not, you may as well maximize the revenue stream. Current concept has been working for 15 plus successful years. Can you improve upon it and make even more money?

The club hosts live bands and is set up with  two dance floors, a VIP lounge area, a raised DJ booth, one huge main bar area and a separate bar area for the overflow. Sound and lighting systems are both high and and are huge contributors to the ultra fun atmosphere. Can be set up as bar/club only or restaurant only. You could literally have two separate businesses operating out of the same space. Go See this Listing by Clicking Here

It is set up for success and that is exactly what is going on. It has everything you need to keep the party going; fifteen years and they are going stronger than ever. Current owners have had their fun and made their money, is it your turn to own this long established and newly improved, extremely popular club, bar and restaurant?

Seller states current year profits of approximately 10k per month on gross sales of 70-90k per month.

 Recent years show approximately 100k in annual adjusted net profit. 

Base rent is $ 7787/month plus NNN  of $3217 for this 5040 square foot of interior space and also includes a large, very nice enclosed patio area.

Current lease term expires March of 2023 with a five year option available.

Profits and square footage to be verified by buyers. Broker has not verified this information.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker Rob Tade DRE License #01339409

Lease

Region:
San Diego
Lease Term:
Expires March 2023 with five year option available
Total Monthly Rent:
$7,787

Financials

Last Year's Annual Gross:
$885,073
Last Year's Owner's Cash Flow:
$95,028
Last Year's Food Cost %:
17.1
Last Year's Payroll Cost %:
5.7
Last Year's Rent %:
14.9
EBITDA:
95028

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
12
# of Working Owners:
1
Hours Open:
Thurs-Sun 4pm-2am
Year Established:
2001
Hood System Type 1:
Yes

Facilities

Indoor Seating:
100
Outdoor Seating:
30
# of Parking Spots:
100
Inside Sq. Ft.:
5040
Outside Sq. Ft.:
300

Highlights

  • Good rent factor
  • Largely cash business
  • Newly remodeled
  • 40k plus sound system
  • High tech security camera system
  • lots of parking
  • two separate bar areas
  • VIP area

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
10-20%

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 17,789 53,971 444,686
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,956 16,172 128,479
2010 Persons Per Household 2.96 3.24 3.26
Median House Value $495,600 $355,234 $323,996
Income Per Household $86,981 $68,723 $61,992
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 341 451 5,577
2012 Number Of Employees 4,946 6,918 134,104
2012 Total Annual Payroll $86,506,000 $113,848,000 $2,263,909,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.

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