Huge Price Reduction for Landmark Lounge/Club

El Cajon, CA (San Diego County)

Holiday Decor
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Asking Price: $575,000

Cash Flow: N/A

Gross Revenue: $920,000

EBITDA: N/A

FF&E: $160,000

Inventory: $25,000*

Rent: $4,633 /Month

Established: 2008

*not included in asking price.

Huge Price Reduction for Landmark Lounge/Club

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Business Description

Profitable Pioneer

This landmark establishment has focused on providing a groundbreaking lounge/club environment to a diverse East County demographic. This business model has resulted in consistent 4-5% annual growth in revenues since early 2016. Featuring 1800 square feet of immaculate interior space (including a semi-private lounge for private rentals) and a “Vegas-style” back patio of equal size replete with private event areas, fire tables, gas heaters and misters.
Stand alone building on private lot offering parking for up to 15 vehicles with abundant, free on-street parking, the business is located within the recently renovated “downtown” El Cajon business district and is 2-3 minutes from Interstate 8 and State Route 67.
Triple-net (assumable) lease includes rent increases tied to the annual CPI.
Additional revenue centers included in purchase include 2 coin-op pool tables, 1 pay-for-play foosball table, very popular "punching bag" arcade game, commission-based ATM and jukebox, cover charge revenues collected on "club" (weekend) nights. Current entertainment format includes karaoke two nights/week, DJ Bingo on Monday evenings, and dance club format (with live DJ's) on Friday and Saturday nights.
Two bathrooms are fully ADA-compliant. There is a large office, walk-in cooler, and dry storage/liquor room. There are currrently 19 draft-beer taps offering a wide-variety of draft choices to complement the 13 bottled/canned beer selections.
The (extremely rare and valuable) Type 48 liquor license is completely unblemished and unrestricted. No food sales are required or permitted.
NDA provided upon request.

Detailed Information

Location:
El Cajon, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,600
Lease Expiration:
N/A
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
Due to our focus on minority demographic groups, The Grand has been successful in creating a progressive and contemporary refuge for members of the black, Latino, and LGBTQ communities, and the younger and more progressive majority community members that reside in East County San Diego. Within this market, we have no existing competition in this region.
Growth & Expansion:
As demographic changes continue to affect the entirety of San Diego County, The Grand will hold the advantage of being the pioneer in serving this increasingly progressive demographic in East County.
Support & Training:
COO of the parent company (TCPI) will provide (up to) 90 days of training and orientation prior to the transfer of the liquor license.
Reason for Selling:
Parent company is seeking liquidity to pursue other business opportunities.
Business Website:
http://www.thegrandelcajon.com
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Business Listed By:
Jeffrey DiLallo

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