Business Details

High End Beach Restaurant with ABC 47 South Orange County

Location : Orange County

Type of Business : Restaurant with full Liquor License ABC type 47

Asking Price: $350,000
Inventory: $10,000

Gross Sales: $860,000

Summary of Business

THIS IS AN ASSET SALE. The business is profitable, but the Seller dropped the price so he doesn't have to deal with an extensive due diligence. Buyers due diligence is limited to inspection of the premise and seller providing gross sales and some of the major expenses. Price includes ABC type 47 license. This beautiful South OC Beach City Restaurant is open less than Bankers hours. Buyer can open for Lunch, Brunch or whatever hours they wish. This restaurant has a very desirable outdoor patio. Full Staff in place including a Chef, line cooks, servers, busboys, and dishwashers. Great Yelp rating of 4 1/2 Stars. Buyer can increase sales with expanding dinner hours, and or opening for Lunch or weekend Brunches. The menu is a New American and Fresh California inspired menu and very well received by the clientele. BUSINESS IS OPEN ONLY 22 HOURS PER WEEK!!!!!!!!

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Other Details

Reason for Sale: Retiring

Income

Gross Yearly Sales: $860,000
Adjusted Yearly Net Profit: $ Asset Sale

Rent

Total Rent: $8,000
NNN: $1,000
Options: 0
Sq. Ft: 1,500
Occupancy: Occupancy In: 35 Out: 45

Employees

Number of Employees: 14
Full time: 2
Part time: 12
Hours of Operation: Sunday & Tues-Thur 5pm - 8:30pm, Fri & Sat 5pm - 9pm, Closed Mondays Payroll: $22,000

Expenses

Insurance: $1,000 per year
Gas: $2000 mo incl Elect water & trash
Electric: $inc above
Water: $inc above
Phone: $400
Trash: $inc above
Internet and TV: $inc in phone

Additional Details

Year Established: 2018


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