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Very Popular Type 47 Restaurant Lounge looking for Majority Partner

Pomona, CA
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Asking Price:$299,000
Established Year:2020
Rent:$7,200/Month
Listing ID: 2275169Listing provided by BizBuySell
BUSINESS DESCRIPTION

Stunning decor with unique historic elements. Great public and private event space too. Modern lighting and sound equipment with full bars, large patio and separate private event space for hosting, filming, and entertaining. Good revenue generation. Great opportunity to be part of an established business and amazing restaurant space at a fraction of the cost to build out or purchase in full!! The business is highly successful and is an incredible opportunity for a next generation business entrepreneur.
• A turnkey opportunity. Type 47 On-Sale Liquor L/C
• Tasteful layout with high ceilings, bar, outdoor space, state of the art sound system, and much more!!
• Very favorable lease terms.
• This awesome restaurant lounge/bar business generates very strong sales from just one night a week.
• Great opportunity to add fully operational restaurant/bar on additional nights.
• Restaurant & lounge bar with modern décor and ambience, a cozy yet spacious dining with beautiful lounges and lighting, couches for group use, and a wide stylish bar. Permitted for live music, dancing, and tobacco.
Listed price is a starting point. Price will vary on terms of partnership agreement.

DETAILED INFORMATION
Location
Pomona, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,500
Lease Expiration
31/01/2031
Employees
20
Facilities
Fully built out large kitchen, amazing build out of beautiful restaurant, state of the art sound system, performance stage, dance floor, fully built out booths, and much more. Type 47 liquor license.
Competition
This business is located in Antique Row in Pomona. It is a one-of-a-kind location and venue for the area.
Growth & Expansion
The restaurant/lounge is currently operating only one night per week. Owner would like a 51% partner to establish a fully functioning restaurant on a regular or multi-day/night basis. Owner has other businesses and would like to bring in a partner to help operate on the additional days/nights and establish a consistent presence.
Support & Training
Consistent as partner. Current owner will be very cooperative at all times.
Reason for Selling
Open up time for other businesses and expand current opportunity.
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Bobby
Panahi
BPRE
Phone Number
Bobby Panahi
Call Phone