Historic Restaurant and Bar in downtown district

Orange, CA (Orange County)

Historic Restaurant and Bar in downtown district

Asking Price:$595,000

Cash Flow:$200,000

Gross Revenue:$1,450,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:$6,200

Established:1969

Historic Restaurant and Bar in downtown district

Get Financing Save Print Share Valuation Report

Business Description

Landmark Dinner House and Bar. Well established and very well known for high quality food and drinks. Open only for dinner. Recently earned 2 Best of Orange County awards from OC Register for Bar and for Romantic Dining. New energetic owner should greatly increase sales and profitability. Great, busy downtown location. Long established Restaurant and Bar. Many years in this community.
Above payroll includes a General Manager salary of $60k yr. $40k yr. for Back of House Manager and $40k yr. for Front of House Assistant Manager.
37% of the Net Sales are from Liquor, Beer and Wine.

Detailed Information

Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
N/A
Employees:
25
Facilities:
Approximately 4,500 square feet, 120 seating capacity.
Support & Training:
As needed
Reason for Selling:
Doing something new after 11 years

Listing Statistics for Premium Members

Ad#:1294937 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

(from currently available funds)
 
Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Suzie Sales

Business Listed By:
Suzie Sales

UBI Business Brokers

Show Phone Number

View My Listings

Find out more...

Get more details about this business.


Similar Listings


MidiCi

Franchise Opportunity
Capital Required: $700,000