There’s at least 3 Ocean Beach restaurants currently up for sale. That seems like an incredibly high number of eateries on the market for a small neighborhood like OB.
But then you realize, they all have liquor licenses that are also part of the deal. All of them.
What does it all mean? It appears that a significant number of restaurants and liquor licenses are about to trade hands — and with no public input, apparently. One of them is a secret as the establishment is not being disclosed except to potential buyers.
Voltaire Beach House
The Voltaire Beach House is on the market. The current rendition of the eatery on Voltaire hasn’t been there all that long. But the “very large indoor/ outdoor space” of 2,900 square feet with another 2,500 of patio is on the block for just under half a mil. $495,000. And fortunately, it has a “Very rare Type 47 liquor license available to
transfer – till 2am.” Rent is $12,500/month with a Lease Term of 7 Years and One 5 Year Option.
JJ’s Sports Bar & Grill
Right on Newport Avenue, JJ’s Sports Bar & Grill is for sale for a sweet $525,000. It also has a full liquor license for sale, Type 47. “Located right off the beach” it represents a “great conversion opportunity” for someone “to acquire a coastal restaurant/bar location with existing alcohol licensing in place.” How nice. It has about 2,076 square feet; rent is $8,527 a month with a lease that expires in August 2030 with a ten year option. The sale includes everything except “tradename, concept and menu.”
“Quick Service Restaurant” QSR
A third restaurant ready to change hands is not being disclosed, except for it being a QSR, a “quick service restaurant. “Located in the heart of Ocean Beach” it has Type 41 ABC License (beer & wine) as part of the sale. Got $350,000? It’s yours. It’s another “great conversion opportunity” for someone to “implement their own concept at a fraction of the cost,” as tradename, concept and menu are not for sale. It’s got 1,221 square feet and a mezzanine. Rent’s a mere $4,202.79 a month “plus $1014 NNN.”
A Possible Mystery OB restaurant / bar?
A potential fourth eatery is not being described or disclosed, except that it’s “on one of the neighborhood’s busiest thoroughfares.” Yet, not to worry it’s another “Extremely Rare Ocean Beach restaurant/bar with full liquor license for sale.” It is up for grabs for $675,000 for 2,076 square feet. And again the familiar refrain, “Sale includes all owned furniture, fixtures, equipment and Type 47 ABC License (full liquor). Tradename, concept, and menu will be excluded.” Rent is only $8,527 a month.
[Note: this sounds like simply a double listing for JJ’s as many of the details are the same but with different dollar amounts. A typo?)
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Such a shame that JJ’s painted over that really cool mural on the side of the building and then runs the place into the ground in what has to be less than a year.
Hi:
I was reading this and am not familiar with how the process works—do you buy a business in place with all its fixtures and equipment and licenses, then rent the building, itself, from the owner? Thanks for any help.
You aren’t getting the business, or the land, or the building. You are pretty much just getting an alcohol license plus some furniture and kitchen appliances. Alcohol licenses are valuable because it’s a pain to get one from scratch.
Except maybe Voltaire beach house, not clear if rights to the business are included in that.
Thanks for the information!