26th June -Wed

New Deal Alert! 🚀 
Unique Speakeasy and Restaurant for Sale

📍 Location: California
💰 Asking Price: Financing is available for half the asking price over 48 months at 6%
📊 Revenue: $1.38M
💼 Net Profit: $217K

🌟 Why This Business is Great:

1. Type: Speakeasy and Restaurant ➡️ Unique and Sophisticated Atmosphere ➡️ Loyal Customers

2. Reputation: Established in 2022 with a growing customer base. Customers love the exceptional cocktails and timeless appeal, creating a unique dining experience that keeps them coming back.

3. Location: Based in a prime area of California, this establishment stands out as a one-of-a-kind venue, free from competition by national brands due to the need for charm, operational finesse, and secrecy.

4. Financials:

• Annual Revenue: $1.38M

• Net Income: $217K

• Discretionary Earnings: $298K

5. Lease Details:

• Monthly Rent: $12,500

• Lease Term: Current term until 2029 with renewal options

6. Operations:

• Space: 5,000 sq ft split-level

• Staff: 3 managers, 3 full-time employees, 15 part-time employees

7. Extras: The business comes fully equipped and staffed, ready for a new owner to step in and maintain smooth operations.

8. Growth Opportunities:

• Host themed events

• Partner with local businesses

• Expand marketing efforts

The potential for growth is immense, with opportunities to make this establishment a local hotspot known for legendary themed nights and exclusive events.

9. Reason for Selling: The current owner wants to relocate and spend more time with family, creating a golden opportunity for a new owner to take over and shine.

🔍 My Analysis: This speakeasy and restaurant offer an excellent opportunity with its strong financials and unique market position. The established customer base and high discretionary earnings present a lucrative venture. I’d want to explore further the customer retention strategies and how they ensure repeat business. Understanding the team's structure and the management's role will be crucial, especially with the owner stepping away. The growth potential in hosting themed events and expanding partnerships is particularly promising.

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