Event Venue/Restaurant (K-Town) $250,000 


"Asset Sale"
​Gross Sale
$34,000/month
Net Income/month
$10,000/mo
Business Status
Owner Operating
# of Employees (Full/Part time)
2
Payroll
same as net income
Rent+Cam
$9,953 with annual CPI increase at 3%
Lease+Option
3 years and 4 months + 5 year extension option
Lease Security deposit
$30,000
Owner Working Hrs/Week
30-40hrs/week
Insurance
$310/mo
phone & internet
$100/mo
electricity
Water and Power paid to Landlord per meter reading: $350-550/mo depending on use
gas
shared with nextdoor bar (app $100-150/mo)
Inventory
Walk-in cooler, freezer, ice machine, warmer, full-functioning kitchen, chairs, tables, sound system, etc.
Opening Hour
10am (M-Sat), Sun: open when there are events
Store Size(sf)
5,000
How Long Present Owner
5 years and 7 months
reason for sale
Owner wants to retire
Number of Parking
ample parking spaces (3 story parking structure)
Security System
24hr armed building security guards
Amenities:
o Main banquet room (app 2,800sq ft)
o Rooftop patio (app 1,500sq ft)
o Small room (app 900sq ft)
o Kitchen (app 250sq ft)
o Restrooms: 2 stalls per each gender
o Office (app 150sq ft)
o Changing room (app 100sq ft)
o Foyer area (app 800sq ft)

This event venue is owned and run by a father and a daughter so their net income is same as payroll. The buyer may convert this space to a restaurant for take-out during a pandemic or a brunch café, and also do micro weddings/events/pop-up shop/etc.

There will be a CAM charge of $1.10 sq. with new tenant
One room costing $1000/month can be taken out for the new tenant

5.19.22
1. How much is the rental fee?
$9,953.31 
2. Is there any release contract period left?
New Contract with a new tenant [5yr+5yr option]
3. What about open hours?
Flexible open hours
4. When is it possible to showing?
By appointment only. Anytime/any day 
6. Do you have an ABC license?
No
​120 people capacity
50 patio
20 small room
​
​Do not talk to the owner and employees.
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