Fast Food Restaurant, stand alone building

Asking Price: $ 150,000
Type of Business: Fast food restaurant
Location: Orange County
Hours of Operation: 7 days 8 am to 9 pm
Gross Sales: $ 30,000
Adjusted Net Profit: $ 2,000 (owner operated)
Total Rent: $ 5,500
NNN: $ Property tax (in 3 payments) $6,500
Length of Lease: 1 year
Options: New lease to buyer
Sq. Ft. 1800
Occupancy: 60
Number of Employees: 5
Full time: 3        Part-time:  2
Payroll: $ 6,500 (not including owner)
Insurance: $ 200
Gas: $ 700
Electric: $ 700
Water: $ 350
Phone: $ 120
Trash: $ 200
Internet and TV:
Cost of goods: N/A

Business description.

Established over 30 years this restaurant has been an icon in the community. Good size dining area with an open kitchen and ample storage in the back. Great set up for high volume. Excellent location surrounded by apartments. Stand alone building, hard corner. Front parking, easy ingress and egress. Great signage that lights up at night with visibly on both sides of the street. It is one few fast food restaurants in that area. Very close to downtown Costa Mesa. 5 minute drive to Newport Beach. Owner has not done any upgrades or changes in a very long time. With a good operator and a remodel this restaurant can easily double in sales. At its peak sales were over $80,000 per month.

Call for more details.
(714) 366-5498