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#3019
Orange County

INCREDIBLE LEASE TERMS! Plus Fantastic Location & Great Restaurant Facility with Beer & Wine and Patio

$189,000
Sold
INCREDIBLE LEASE TERMS! Plus Fantastic Location & Great Restaurant Facility with Beer & Wine and Patio
This Listing is Sold
WOW, what great lease terms! This great South Orange County Beach City restaurant. The restaurant has built a Long Standing reputation of great food, service, and experience throughout the community. The restaurant was established in the 1970’s and has had only 2 owners since it’s inception. A great sign that the owners have been successful. The restaurant offers many amenities for success such as Fantastic lease terms, Great location/visibility, fully equipped kitchen, beer & wine license, and an outdoor patio which is licensed for beer & wine consumption. If you have a concept that requires a drive-thru then visit the restaurant today. The landlord would even allow a drive-thru to be installed, pending city approval.

FANTASTIC LEASE TERMS: The fantastic lease terms make this restaurant opportunity one of the best you’ll find in this market. Total monthly rent is only $4,055 for 3,316 square feet. Folks!! THAT’S ONLY $1.22 per square foot. Not only is that amazing monthly rent, the lease terms get even better. The monthly rent is FIXED at this rate for the first 3 years of the lease and increases ONLY by 3% of the consumer price index each 3 year lease anniversary. Incredible!!! Many other restaurant leases increase every year by 3-6%. This restaurant’s lease only increases every 3 years. Let’s be honest. Most landlord’s charge what feels like an arm and leg for rent. This restaurant’s incredible lease terms make it Extremely possible to make a profit.

Buy the existing restaurant’s long standing reputation, concept, recipes, lease terms, furniture, fixtures, equipment, and beer and wine license OR bring Your Own concept and take advantage of the fantastic lease terms, furniture, fixtures, equipment, and beer and wine license. The seller has shared that the monthly sales are quite consistent. The Seller will gladly discuss the monthly sales averages and expenses with a serious buyer. The Seller has stated that the business was extremely strong in previous years prior to the downturn in the economy. This is a great indication this will repeat with increased stability in the economy.

SELLER FINANCING: If you require financing towards the purchase of the restaurant, the seller is offering financing to a qualified buyer. Ask for details. (terms of financing to be negotiated with seller)

AREA DEMOGRAPHICS: This restaurant is located in a fantastic beach city with great income levels. 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 $77,453.00; 3 Miles was $84,837.00; and 5 Miles was $85,602.00. In 2009 Annual Retail Restaurant Sales Volume Expenditures for approximately 1 Mile from the restaurant was $53,689,122.00; 3 Miles was $156,722,324.00; and 5 Miles was $242,184,542.00 (verify the accuracy of these statistics).

RESTAURANT FEATURES: The restaurant features views of the ocean from the dining room, outdoor patio dining, beer and wine license, large hood system with ansul suppression system, walk-in refrigerator, burner range with oven, fryers, a large area for storage/catering or an office area, 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: After working at the restaurant and industry for years, the owner wants to slow down and enjoy the fruits of labor.

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This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280

Lease

Region:
Orange County
Lease Term:
New Lease Agreement will be offered to Buyer
Total Monthly Rent:
$4,000
Security Deposit:
$4,000

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
1
# of Family Employees:
1
Hours Open:
Monday - Sunday: 6am-9pm
Year Established:
1970
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Outdoor Seating:
44
# of Parking Spots:
14
Inside Sq. Ft.:
3316
Outside Sq. Ft.:
112

Highlights

  • INCREDIBLE LEASE TERMS
  • Seller Financing Available
  • Beer & Wine License
  • Covered Patio licensed for consumption of beer & wine
  • Fully Equipped Kitchen
  • Buy existing concept OR bring your own concept
  • Long Standing Reputation within the Community

Financing

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

Demographics

Population 5-mi
2014 Total Population 40,136
Households 5-mi
2010 Number Of Households 14,109
2010 Persons Per Household 2.43
Median House Value $704,100
Income Per Household $75,681
Businesses 5-mi
2009 Number Of Businesses 1,136
2012 Number Of Employees 19,932
2012 Total Annual Payroll $576,109,000

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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