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#2284
Orange County

Great Restaurant & Concept Near South Coast Plaza

$150,000
Sold
Great Restaurant & Concept Near South Coast Plaza
This Listing is Sold
Restaurant opportunity for anyone looking for a great restaurant close to South Coast Plaza and John Wayne Airport. This is a Great location and Area folks! Centrally located in Orange County, which is known as the "Mecca for Commerce" of OC due to all the corporations and tech companies located in Irvine, Newport Beach, Santa Ana and Costa Mesa this restaurant has an established clientele of working class professionals that love to eat their food.

RESTAURANT FEATURES:
The restaurant boasts a beautiful setup which is open, bright and airy with indoor seating up to 126 and an outdoor patio for seating of 30+. The dining room is anchored by an open kitchen with bar seating. The restaurant includes a beer and wine license, 2 bathrooms, combo walk-in cooler/freezer, 2 large hood vents, and a long list of equipment. You MUST take a look at the restaurant's pictures.

GREAT FOOD AND CONCEPT:
The restaurant has a resounding theme which compliments the menu very well and provides an overall experience which is memorable. The menu is well executed and the right mix for mass appeal.

SOLID MONTHLY SALES AND ABSENTEE OWNER:
The monthly sales average $45,000-$50,000 and the owner states they are on the upward swing. These are great sales for an absentee owner operated restaurant. Imagine what the sales could be with a full-time owner increasing the overall experience and cutting further costs to increase the profit margin.

FEATURES OF LOCAL AREA:
The center is lively and provides ample parking. With several other very popular corporate owned restaurant chains in the center this is a popular destination spot during lunch time. The restaurant is surrounded by large retailers, professional office buildings, and a plethora of other companies who employ hundreds of thousands of employees all within close proximity to the restaurant. If you are a savvy marketer then this is an area with further growth potential given the diverse demographic.

SELLER FINANCING AVAILABLE:
The owner will provide financing up to $50,000 of the total purchase price for a qualified buyer. Down payment to be $100,000. Terms of the financing are negotiable.

REASON FOR SELLING:
With a total of 5 existing restaurants and a 6th soon opening, the owner has interests in pursuing other ventures which require time and additional money, thus the reason for selling.

TRAINING:
Training is offered to the new owner at no additional cost to provide a smooth transition.

Take the next step to obtain the restaurant's name, address and pictures by clicking on one of the "Orange" buttons below. This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280

Lease

Region:
Orange County
Lease Term:
April 2014 with (2) five-year term options
Total Monthly Rent:
$10,407
Security Deposit:
$15,610

Operations

Liquor License:
41
# of Full-Time Employees:
3
# of Part-Time Employees:
4
Hours Open:
Monday-Sunday: 11am-9pm
Year Established:
2009
Hood System Type 1:
Yes

Facilities

Indoor Seating:
126
Outdoor Seating:
30
Inside Sq. Ft.:
3599
Outside Sq. Ft.:
250

Highlights

  • Located in Central OC "The Mecca for Commerce"
  • Superb Location!!! Very Close to South Coast Plaza and John Wayne Airport
  • Great Food, Beers/Wines and Concept create Memorable Experience
  • Open and Airy Floor plan with Outdoor Patio
  • Solid Sales for an absentee operated restaurant
  • MAKE SURE YOU VIEW THE PICTURES

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 90,436 373,776 762,760
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 19,569 93,162 207,804
2010 Persons Per Household 4.50 3.84 3.55
Median House Value $332,600 $436,926 $449,353
Income Per Household $58,463 $64,723 $62,001
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,519 8,763 16,160
2012 Number Of Employees 61,914 305,076 451,486
2012 Total Annual Payroll $1,270,457,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Business Intermediaries, 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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