Freestanding Elegant Asian Restaurant, Bar with Patio on Major Street

$500,000

Orange County

Asking Price: $ 500,000

Type of Business: Freestanding Elegant Asian Restaurant, Bar with Patio on major street
Location: HUNTINGTON BEACH
Hours of Operation: 11 AM – 10 PM 7 DAYS
Gross Sales: $ 102,092 / mo. average / mo. 2017
Adjusted Net Profit: $ 250,000
Total Rent: $ 10,000
NNN: $ in rent above
Length of Lease: apx 3 years
Options: 10 YEARS
Sq. Ft. 3000
Occupancy: 66 inside, 65 outside on patio
Number of Employees: 24
Full time: 3        Part time:  21
Payroll: $ 400 / mo. Owner operated
Insurance: $ 8805 / year
Gas: $ 800
Electric: $ 1700
Water: $ 200
Phone: $ 225, WITH TV & INTERNET
Trash: $ 100
Internet and TV: $ included above
Cost of goods: 30%

Business description.

Restaurant with patio is freestanding with high visibility on a MAJOR street close to the beach. Priced right with a 2 times multiple for your ROI !Beautiful build out with top of the line fixtures & equipment. Great award winning food & a type 47 ABC license. Private parking lot close to hotels & businesses. Great food & service, good sales & net profit with beautiful surrounding. A large dining area wine storage gives a great selection in addition to the 6 craft beer selections on tap, while an 18 camera surveillance system ensures operations are running well. Beautiful patio allows enjoyment outdoors. Full kitchen, 4 terminal POS system tracks every dollar. Highly rated & award winning location is beautiful & very profitable. 2 owners work apx 20 hrs / week with the highly trained efficient staff. This is the real deal here, an experienced hands on owner will grow the business & increase profit. This is certainly a feather in any proud owners cap. It is a beautiful place, as is, or you can bring in your own concept. Please be discreet & do not talk to management, employees or customers about the place being for sale. All the costly hard work is done.

 

Call for more details.

(714) 366-5498