Laguna Beach Restaurant & Bar w/Liquor – Convenient Parking!

Laguna Beach, CA (Orange County)

Laguna Beach Restaurant & Bar w/Liquor – Convenient Parking!
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Asking Price: $675,000

Cash Flow: $243,000

Gross Revenue: $1,800,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000*

Rent: $14,800 /Month

Established: 2011

*not included in asking price.

Laguna Beach Restaurant & Bar w/Liquor – Convenient Parking!

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Business Description

This Laguna Beach restaurant and bar with liquor boasts a high visibility main beach area location with multiple highly coveted public parking facilities nearby! The venue has a spacious kitchen, large walk-in cooler, on-site manager’s office, wine room and dry storage area. The kitchen is equipped with a large griddle, grill combination oven / with stovetops, convection oven, dishwashing unit and three bucket sink. The bar, which is equipped with a tap system, can accommodate up to 15 patrons.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
32
Facilities:
This 3,000 square foot venue has occupancy for nearly 90 patrons. It rents for $14,800 per month on lease that expires in 2021 with options to be determined. All of the facility’s furniture, fixtures, equipment and Type 47 Liquor License will be included. Approximately $10,000 in beer, wine and liquor inventory will be sold at cost at close.
Competition:
While Laguna remains a competitive market, there are a limited number of competing venues that boast the liquor entitlement. Fewer still have the type of high visibility location with convenient parking, customer access and are walkable’ from anywhere in the main beach area like this location is. As such, this bar and restaurant possess a built-in competitive advantage in an area where prime locations are a scarce commodity!
Growth & Expansion:
New operators may wish to take this location in any number of directions. This business thrives with its current concept however it could also prosper as a martini bar or a fine dining venue (e.g. steak, seafood, Italian, French, Asian fusion) or potentially as a neighborhood sports bar and grill, gastropub or fast casual concept with the benefit of liquor and a full service bar!
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Contact the Seller

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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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