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#714
Orange County

Beach Area Quick Serve Facility Currently a Franchise Sandwich Shop

$32,000
Sold
Beach Area Quick Serve Facility Currently a Franchise Sandwich Shop
This Listing is Sold
Price Just reduced for this Franchise Sub Shop to convert into your special business. This is being sold as a non-franchised restaurant. This is a great turn-key restaurant for a buyer looking for a fully operational and stocked restaurant for conversion. $32,000 (Firm Price) includes All the equipment, furniture and fixtures which are valued over $50,000. A restaurant with this much equipment and furniture usually costs $200,000+ to open a new location. Literally two blocks from the ocean this restaurant is situated in a prime location for year round traffic and especially the summer rush. During the summer this Beach City is host to thousands of beach goers throughout the Southland which brings a steady flow of customers. The lease is unbelievable with fixed rent until 2011. This is a great opportunity for a seasoned restauratuer or a new restaurant owner. Take the next step and complete the online confidentiality agreement and call us to obtain the restaurant name and address. Also you will be given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers. This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280

Lease

Region:
Orange County
Lease Term:
4 yrs remaining + (2) 5 yr. options
Total Monthly Rent:
$2,880
Security Deposit:
$6,188

Financials

Last Year's Annual Gross:
$218,376
Last Year's Food Cost %:
27
Last Year's Payroll Cost %:
12
Last Year's Rent %:
21

Operations

# of Part-Time Employees:
5
Hours Open:
Monday-Saturday 11am-9pm
Sunday 11am-8pm
Year Established:
2001
Hood System Type 1:
Yes

Facilities

Indoor Seating:
12
Outdoor Seating:
6
# of Parking Spots:
18
Inside Sq. Ft.:
952

Highlights

  • Everything included except consumable inventory
  • 2 Blocks from Ocean
  • Ideal location for high traffic
  • Fixed Monthly Rent until 2011

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes
Seller Carryback of Purchase Price:
35%
This Listing is Sold

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 24,853 114,651 432,696
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,830 52,431 158,474
2010 Persons Per Household 1.83 2.11 2.63
Median House Value $286,000 $591,415 $524,286
Income Per Household $51,211 $73,893 $68,493
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 649 4,069 10,741
2012 Number Of Employees 19,558 96,566 278,472
2012 Total Annual Payroll $555,368,000 $2,219,410,000 $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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