N. Huntington Restaurant w/Beer & Wine – Versatile Build-out & Liquor CUP!

N. Huntington Restaurant w/Beer & Wine – Versatile Build-out & Liquor CUP!

Huntington, CA


Asking 
$40,000
Gross Revenue 
$600,000

This North Huntington Beach area restaurant with beer and wine boasts a highly unique high traffic near beachside location that caters to multiple demographics of area residents and visitors, as well as the boating community. The location has a highly versatile build-out that may be adopted to any number of concepts. The master lease has a conditional use permit (CUP) that allows for additional of a Type 47 restaurant liquor license should a buyer wish to purchase one (for up to $75k extra) for their concept. The location has sidewalk seating accessible via large roll-up doors that create a contiguous indoor-outdoor dining space. The fully outfitted kitchen has a 2-bucket deep fryer, two stoves with a grill and griddle, a three bucket sink, a two door fridge and a reach down freezer.

Inventory 
5000

Accounts Receivable Included in Asking
No

Facilities

This 2,500 square foot space, with outdoor sidewalk seating, leases for $10,595 plus $3,000 per month in a prestigious high traffic location with prestigious adjacent businesses, dining and entertainment venues. The lease is until 9/2032 with 2 five-year options. Though all of the business’s furniture, fixtures, equipment and beer and wine license will be included in the sale, the name and menu will not (though a buyer is welcome to implement their own similar concept. An estimated $5,000 in inventory will be sold at cost at close.


Competition

This venue occupies a prestigious location with busy retail, food and entertainment neighbors that can benefit from one another’s presence. Of course, a variety of restaurants are also located in this popular beachside community. These attributes, coupled with a large onsite parking lot, provide a number of advantages to a concept that is able to capitalize on them.


Growth & Expansion

New operators may choose to implement a similar concept or they may choose to capitalize on the venue’s versatile layout and existing beer and wine license or potential for a liquor license to launch any number of food related concepts that can cater to this high discretionary income beachside community as well as the nearly adjacent communities.


Support & Training

Seller will train for 2 weeks at 20 hours per week or as negotiated


Reason for Selling

Personal


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