Back on Market. Don't Miss This Opportunity!!
Tremendous Location-Tremendous Opportunity! South Orange County Restaurant For Lease
Closed Restaurant-This is one of those Great Opportunities in the life of a restaurant owner! Have you dreamed of owning a restaurant near the beach?
One of the finest locations California has to offer, this restaurant is for lease. Previous owner operated as a steak house and closed the doors.
This is a South Orange County location with a huge visitor population. One of the top locations to visit in the world, you will not be looking for clients tas this area has a metro station close and plenty of visitors. Plenty of parking and a lease secures your opportunity to get established. Past revenue topped $1M annual as recent as 2013.
Demographics in th 3 mile radius total 80,000 residents. Median income is $73,000 annual.
This restaurant is across the street from one of California's most visited Catholic Mission's. The visitor population is constant and the metro train station is a block away. You won't find a better location in So Orange County!
Currently seats 80 and previous owner had also negotiated a lease on the rear outdoor patio at a super low rate. This patio will seat 28 and will be a great venue for small gatherings, receptions and community meetings. Another outdoor patio in the front of the restaurant is open and seats 24.
Rent is $12,000 per month-includes NNN and runs till 2027. Comes with 2 five year options. 3840 sq ft. Front patio will attract visitors and a rear patio is available on a separete lease.
This presents an opportunity to be part of a growing and upscale community looking for venues to dine.Last concept was Steak, but Mediterranean, Sushi or Italian would be a very good fit here. Landlord is looking for an experienced operator to take this spot. This was a white tablecloth concept with a good wine selection and street front location. South Orange County doesn't have anything better to offer.
You will need strong financials, a proven record of restaurant success and very good credit. It was open for business as recent as June, 2014 but the previous owner sold the equipment. Hood is in place-A Large Hood!
Liquor license is a 47 which is still owned by previous owner. You will need to purchase a license on the open market. Grease traps in,this was open 6 days by an absentee owner. Sudden illness has forced him to close.This is a Business Intermediaries, Inc. listing.
|2014 Total Population||35,590||113,725|
|2010 Number Of Households||11,452||37,479|
|2010 Persons Per Household||3.03||2.96|
|Median House Value||$522,000||$560,922|
|Income Per Household||$75,551||$104,029|
|2009 Number Of Businesses||1,173||2,650|
|2012 Number Of Employees||23,048||60,634|
|2012 Total Annual Payroll||$541,304,000||$1,441,658,000|
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