Orange County Restaurants For Sale
Beautiful Laguna Beach Restaurant with Beer & Wine Plus Views of the Ocean
This restaurant is being offered for sale with two options. Option 1: you can purchase the restaurant for it’s location, beer and wine license, and furniture, fixtures and equipment for your own food concept and business name. The current asking price reflects option 1. And Option 2: you can purchase the existing food concept, recipes, business name, beer and wine license, location and furniture, fixtures, and equipment. The final selling price under option 2 must be negotiated (ask for details).
The food critics and newspapers have reviewed this restaurant many times and has been rated one of the best restaurants in it’s category for Laguna Beach. Additionally, the customers rave about the food and are a loyal following.
AREA DEMOGRAPHICS: Laguna Beach is a fantastic city with great income levels and a plethora of restaurants and hotels/resorts. Household Income Levels and Restaurant Sales Volume Expenditures within the area are strong. In 2009 the Median Annual Household Income for approximately 1 Mile from the restaurant was $109,528.00; 3 Miles was $110,657.00; and 5 Miles was $95,621.00. In 2009 Annual Retail Restaurant Sales Volume Expenditures for approximately 1 Mile from the restaurant was $31,856,727.00; 3 Miles was $103,657,810.00; and 5 Miles was an incredible $460,924,448.00 (verify the accuracy of these statistics).
Laguna Beach is known for having some of the most beautiful beaches in southern California. The city is also known for its hotels, unique shops, restaurants, world famous art galleries, and art festivals. Several movies and TV shows have been filmed there. In 2009 Laguna Beach was rated as having some of the best beaches in America. Tourists from around the world frequent the city during the warmer months, especially the summer, and stay at one of the many hotels, boutique resorts and vacation rentals which provide a huge additional client base during the summer to the restaurant owners.
RESTAURANT FEATURES: The restaurant features an open dining room with a great view of the ocean, outdoor patio dining, beer and wine license, large hood system with ansul suppression system, walk-in refrigerator and freezer, burner range with oven, fryer, and much more. The current kitchen setup and equipment should work for nearly most food concepts if you do not wish to continue with the restaurant’s current recipes.
REASON FOR SELLING: The business has grown larger then the space can handle and the owner is actively looking to purchase another restaurant which is larger.
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Lease
Operations
Facilities
Highlights
- Located at one of the busiest sections of Laguna Beach
- Beautiful restaurant with Great Visibility
- Buy Existing Name/Recipes Or Just Buy the Location, FF&E, & Beer and Wine
- Beautiful Views of the Ccean
- Beer and Wine license
- Kitchen setup ready for nearly any food concept
- Large Patio Dining
Financing
Demographics
| Population | 3-mi. | 5-mi |
|---|---|---|
| 2014 Total Population | 26,797 | 154,556 |
| Households | 3-mi. | 5-mi |
| 2010 Number Of Households | 11,254 | 58,433 |
| 2010 Persons Per Household | 2.11 | 2.48 |
| Median House Value | $1,000,000 | $684,531 |
| Income Per Household | $95,865 | $101,804 |
| Businesses | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 1,184 | 4,302 |
| 2012 Number Of Employees | 17,512 | 92,882 |
| 2012 Total Annual Payroll | $347,790,000 | $2,799,282,000 |
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Disclaimer
DISCLAIMER: The User (that's you reading this) of this Website understands that Stone Path Brokerage Services, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings. Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.
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