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#5479
Orange County Restaurants For Sale

Cash Cow on The Beach - 40+ Years in Business! SBA Loan

$299,999
Cash Cow on The Beach - 40+ Years in Business!  SBA Loan
This Listing is Expired

Burgers and beer at the beach!

Here is the opportunity you have been waiting on.

Long established burger joint with drive thru, beer and wine license and views to the Pacific Ocean.

This restaurant has been a neighborhood favorite for decades and is ready for the next owner to reap the benefits of the years of goodwill build up.

Lots of ways to improve sales and profitability the current owner has owned the restaurant since 2007 and is ready to retire.  

Located on super busy road with a nice front patio and large dining area, there is plenty of room for dine in customers and a great beach decor atmosphere.

Beer and wine license is already in place.

The drive through provides quick and easy access for customers in a hurry.

Sales verified via tax returns were $690,885 in 2017 and $710,993 in 2018.

Adjusted net for 2018 was $137,600.

SBA LOAN AVAILABLE: This business has solid tax returns and will qualify for an SBA loan with as little as 10% down, but please plan on 20% down. So with $60,0000 down, the Annual Loan Payment (P&I) for 10 years is about $35,000 a year leaving you with $102,000 a year cash flow for a working owner! 

Seller rarely works at the restaurant but is able to bring in substantial income.

If you are ready to roll your sleeves up and get to work as an owner operator this restaurant will be a gold mine. Just by being here you will save on employee labor, cost of goods and all the other improved efficiencies that a working owner brings to the table.

Restaurant space is approximately 2500 sq. feet inside plus another 400 sq. feet of outside patio area.

Monthly base rent is $7,336.

NNN is approximately $1,300/month

Current lease term expires September of 2019 with two five-year options available.

Don’t miss this opportunity to have it all steps from the beach in a consistently high volume and profitable restaurant.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker Rob Tade DRE License #01339409

Lease

Region:
Orange County Restaurants For Sale
Lease Term:
Expires Sept 2024 with five year option
Total Monthly Rent:
$7,336

Financials

Last Year's Annual Gross:
$710,993
Last Year's Owner's Cash Flow:
$137,600
Last Year's Food Cost %:
36.1
Last Year's Payroll Cost %:
20.5
Last Year's Rent %:
12.4

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
8
Hours Open:
Daily 7am-9pm

Year Established:
1976
Hood System Type 1:
Yes

Facilities

Indoor Seating:
64
Outdoor Seating:
16
# of Parking Spots:
plenty
Inside Sq. Ft.:
2,500
Outside Sq. Ft.:
400

Highlights

  • Established 1976
  • Drive through location
  • Super busy street frontage
  • Pacific Ocean is your back door neighbor
  • Beer and Wine license in place
  • Fun Beach decor theme
  • Nice outdoor patio seating
  • 100k plus adjusted net income
  • Potential SBA financing

Financing

Will SBA Finance:
Yes
Est. Monthly SBA Loan Payment:
$2,916
Will Seller Lend To Buyer:
No

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

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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 some cases, foreward 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, 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. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of 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. DRE License # 01339409.

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