Barbeque Restaurant (Conversion)

Orange County, CA

Barbeque Restaurant (Conversion)

Asking Price:$85,000

Cash Flow:N/A

Gross Revenue:$900,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2012

Barbeque Restaurant (Conversion)

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Business Description

BBQ Restaurant Conversion ! The business name is not included and the restaurant is being offered as an Asset Sale. The requirements are as follows:

• All prospective buyers must have strong financials and restaurant experience and/or existing concept to be considered by the landlord.
• Buyers must have their own menu and current restaurant concept as solid credit.
• The current name of the business is not included but the seller may offer training for a BBQ concept to a new buyer.
• Most restaurant concepts could be approved except seafood
• Lease is good through 4/1/17 with one 5 year option only
• Buyers must have high net worth and substantial cash available (does not include loans)
• Rent with NNN is $8,400 per month for 2,000 sq. ft

The restaurant is fully equipped and opened in 2012 so all FFE is in very good condition and built out is top notch. There will not be any financials provided other than sales and fixed costs.

Detailed Information

Facilities:
Located on a highly traveled street in a small center in a great business area of North Orange County. The space is 2,000 sq, ft and lease is good for 2 years and 5 year option and possible opportunity for additional extensions
Growth & Expansion:
The current restaurant had excellent sales in only 3 years with absentee ownership. A new buyer can save hundreds of thousands based on the cost for a build-out and FFE
Support & Training:
To be determined

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Gregg Tobin

Business Listed By:
Gregg Tobin

Pacific Coast Business Brokers

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