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This is truly the hottest and most unique location in the Orange County Beach area. This restaurant and bar overlooks one of OC's premier and very popular and full of tourist beaches with millions of annual visitors who enjoy the HUGE patio overlooking the beach and amazing sunset views from all seats. There is a full bar serving the most premium brands available to a discrete crowd of foodies, with nothing but the best for their high-end clientele.
Speaking of foodies, this restaurant serves well designed and artistic meals and backs it with top-notch customer service. It is generally American fare food. Type can not be revealed because it would give away the restaurant. It is unique.
This is 100% absentee managed restaurant. Owner has 4 other restaurants. He is raising capital to open a restaurant in Las Vegas at great investment levels.
If you want to get into the California beach scene in a big way, in a unique and difficult location to find, then this is it!
The build-out alone was was $1.5 million to an existing restaurant space, making this a beautiful restaurant deserving of the area and the clientele who frequent it.
FINANCIALS: Annualized 2017 revenues are $3,172,000 with Working Owner Cash Flow is $647,000.
SBA LOAN: So with 20%+ down. A loan of $1,600,000, the monthly payments are about $18,200. With a monthly average working owner cash flow of $53,900, that leaves the owner with $35,700 a month before owner perks. That's an annual return of 112%% cash on cash. Where else can you find that! Buyer needs to perform their own due diligence and not rely upon this analysis.
LEASE: Expires March 2, 2030. All-in Rent is $26,909. Inside Sq. Ft. is Apprx. 4,202 with a huge outside patio overlooking the beach.
This is a highly confidential listing requiring each buyer to be qualified before details are released. The buyer must have a high credit score, high net worth and plenty of restaurant experience and ownership.
This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
|2014 Total Population||47,445||256,159|
|2010 Number Of Households||19,453||93,703|
|2010 Persons Per Household||2.31||2.62|
|Median House Value||$752,500||$637,135|
|Income Per Household||$82,564||$81,514|
|2009 Number Of Businesses||1,505||7,192|
|2012 Number Of Employees||28,586||176,312|
|2012 Total Annual Payroll||$550,773,000||$4,294,967,295|
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