Business Details

Restaurant and Bar

Location : Orange County

Type of Business : Restaurant and Bar

Asking Price: $1,375,000
Inventory: $50,000

Gross Sales: $3,300,000

Summary of Business

Located in one of the most sought after locations in Orange County. 
The only restaurants in this location their own private parking lot. Management is in place including a General Manager, Chef or Kitchen Manager and Assistant Manager.  Alcohol sales are approx 25% of the total sales. All income and expenses are fully reported and verifiable. 
The restaurant serves Modern Contemporary American Cuisine with a Craft Cocktail Bar. The long bar seats over 15 patrons.
The building components including the roof have been recently repaired or replaced  along with a fresh upgraded interior decor. There is NO deferred maintenance here.

SERIOUS BUYERS INQUIRE ONLY PLEASE. PROOF OF FUNDS ARE REQUIRED BEFORE RELEASING THE LOCATION.

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Other Details

Reason for Sale: Has other businesses

Income

Gross Yearly Sales: $3,300,000
Adjusted Yearly Net Profit: $Call Broker

Rent

Total Rent: $20,224
NNN: $3,346
Length of Lease: Lease expires: 6 yrs Options Avail: 5 yrs + 8 yrs
Options: 0
Sq. Ft: 5,500
Occupancy: 190

Employees

Number of Employees: 38
Full time: 8
Part time: 30
Hours of Operation: Mon-Sat 11am - 10pm, Sunday 10am - 9pm Payroll: $79-80,000 mo.

Expenses

Insurance: $27,600 per year
Gas: $2700 mo.
Electric: $3300 mo.
Water: $400 mo.
Phone: $300
Trash: $1500 mo.
Internet and TV: $200
Cost of Goods: $ 33-34%

Additional Details

Year Established: 1996


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