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#4862
Orange County

Sports Brew House That Makes $$-Great Price

$550,000
Sold
Sports Brew House That Makes $$-Great Price
This Listing is Sold

Orange County Sports Bar For Sale

Price Drop. Football Season is coming

You will love this Sports Bar Family Friendly concept.

Are you looking for a concept that can grow? How about and an already profitable concept you can stand behind proudly?  Add to this the location and this is a real prize.

This may be one of the best locations in Southern California-right at the entrance of a major University. The enrollment is nearly 40,000 and many of these students can walk to your sweet restaurant.

Situated on one of the busiest corners near the university with over 1,000 students living upstairs in lofts. The neighboring business includes a mix of retail and restaurants. Apartments surround this beautiful Sports Bar and the front patio entices them to stop by.

Current owner has marketing deals with major sports teams having pro players stop in which draws the crowds.

47 License in place. The owner has made sure all the equipment is updated and working properly and most of this stuff is only a couple years old.

Annual Gross last year was $1.4 M-up $100K from the prior year.  The first 9 months of 2015 the Net was $ 193K w no add-backs. 

The current owner has a very high degree of attention to detail and the restaurant shows this.

Strong vendor and community relationships.

Very good lease with options.

Original owner spent over 1 Million in build outs with new equipment and the latest technology.

This has a great patio where alcohol consumption is permitted. Current owner has started relationships with local sports teams as well as the University to broaden sales and his customer base. Currently no entertainment. Local sports teams frequent this spot.

This is a successful franchise concept with strong support and a concentrated desire toward growth. A prospective buyer should be credit worthy with strong financials and experience running a multi-million dollar concept.

Current proprietor has owned this a very short time and a recent family illness makes it necessary for him to sell. His loss is your gain. The potential here is obvious.

Please go to SellingRestaurants.com to get the name and address of this business. 

This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280

Lease

Region:
Orange County
Lease Term:
Exp 2028 + 2 5yr options $16,389 all in
Total Monthly Rent:
$16,389
Security Deposit:
$15,000

Financials

Last Year's Annual Gross:
$1,400,544
Last Year's Owner's Cash Flow:
$210,000
Last Year's Food Cost %:
24
Last Year's Payroll Cost %:
27
EBITDA:
210000.00

Operations

Liquor License:
47
# of Full-Time Employees:
2
# of Part-Time Employees:
31
Hours Open:
11-9 M-Th
11-10 Weekends
Year Established:
2014
Hood System Type 1:
Yes

Facilities

Indoor Seating:
187
Outdoor Seating:
59
# of Parking Spots:
50
Inside Sq. Ft.:
5056
Outside Sq. Ft.:
ap 800

Highlights

  • Cal State University Sports Bar
  • Sports Bar Kills It-47 License
  • Sports Bar Near 1000 Apartments
  • Lofts On Top Of This Sports Bar
  • Franchised Sports Bar w 47 License
  • Sports Bar-Patio-Cal State Students
  • Walk From College To This Sports Bar
  • Orange County Sports Bar Has Strong Sales
  • Pro Sports Teams Visit This Sports Bar
  • Established Pizza-Sports Bar Near College

Financing

Will SBA Finance:
Yes
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 34,982 137,172 474,000
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,515 46,228 139,826
2010 Persons Per Household 2.62 2.85 3.21
Median House Value $465,900 $497,153 $433,415
Income Per Household $61,216 $74,307 $64,850
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,065 3,628 12,503
2012 Number Of Employees 38,262 106,034 515,870
2012 Total Annual Payroll $735,289,000 $2,158,184,000 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Business Intermediaries, Inc. ("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 addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward 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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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