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Finance And Services:

Business For Sale. Restaurant- Nightclub

LISTING DETAILS
Firms For Sale ID:
11902
Vendor reference:
725838
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$2,900,000  
Turnover / revenue:
$1,000,000
Net profit / cashflow:
$2,700,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Extremely rare opportunity to acquire one of the most successful restaurant / nightclubs in Los Angeles / Orange County. This sale includes name recognition, exceptional cash flow and an established strategy to more than double cash flow create exceptional value. The owners who are experienced operators created a strategy that consists of two profitable restaurant-nightclubs; 93;Club A94; a 4-year cash generator and 93;Club B94; a one-year rising star. Being sold as a strategic package, both restaurant-nightclubs within walking distance of each other target overlapping groups of young singles. Both restaurant-nightclubs are located on a long established Los Angeles / Orange County restaurant-row strip known as a higher-end, safe place to party on the weekends. Targeting twenty-something singles, both 93;Club A94; and 93;Club B94; are driving and benefiting from a change on the strip toward younger demographics. With restaurant 96; nightclub 93;Club A94;, the Owners who are not Latino created a winning strategy to target one of the fastest growing and most desirable markets in Southern California; higher income Latinos. Because of the prime location and friendly atmosphere, 93;Club A94; attracts a well-dressed and-well behaved group of free-spenders who gladly pay a high-anywhere-in-Southern California up to 24;15 cover charge to shake shoulder-to-shoulder on a packed dance floor and listen to live Latin music. Famous in the Latino community, every weekend, 93;Club A94; is jammed. The result, an excellent 24;900,000 Discretionary Income making 93;Club A94; one of the most successful restaurant-nightclubs in Southern California. With a full staff of experienced bilingual managers and employees, this business is a turnkey operation that can readily respond to English language, non-Latino owners. To create new growth, the Owners invested about 24;400,000 to create 93;Club B94; about a year ago. The growing 7,000 square foot restaurant-nightclub is already generating 24;100,000 Discretionary Income. Also included is 2,000 square foot of office space that can be converted to VIP room. As it92;s reputation for a cool environment grows, with the large space, 93;Club B94; has the potential to reach a Discretionary Income level surpassing 93;Club A94;. The Owners who are nearing retirement age have become weary and would like to retire. For more information, please contact Hoke Nagahori at 310-539-8300.