5-Day Sandwich; Absentee-run, Rev 288K, Net 42K, at 135K, OC

Newport Beach, CA (Orange County)

5-Day Sandwich; Absentee-run, Rev 288K, Net 42K, at 135K, OC
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Asking Price: $135,000

Cash Flow: $36,000

Gross Revenue: $288,000

EBITDA: N/A

FF&E: N/A

Inventory: $3,000*

Rent: $4,850 /Month

Established: 2016

*not included in asking price.

5-Day Sandwich; Absentee-run, Rev 288K, Net 42K, at 135K, OC

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Business Description

A cozy sandwich diner offering a variety of sandwiches, salads and beverages situated inside the landmark building of Newport Beach. Only open for 5 days from Monday and Friday with short business hours from 7 am to 4 pm. Help-run. Tailored rent for which the water is paid by the landlord. Have a fancy outdoor courtyard where patrons can relax while enjoying their foods. No hood no grill but approved 2 Turbo chef ovens are in use. Asking price reduced to $135,000. It was $190,000 a month ago.
• Gorss sales are an average of $24,000 per month
• The net profit is currently around $ 3,500 per month, but if the owner manages the business directly, the net profit is expected to increase, depending on the buyer’s commitment
• Cost of good, including supplies averages 27%
• All-in rent is $4,500, including NNN/CAM, water
• Premise size is 1430 sq. ft.
• Good lease: 4+5
• Open hours are from 7 am to 4 pm, Mon thru Fri
• No of employee: 2 FT, 2 PT
• Absentee run. Owner manages only as needed
• Wages are about $6,000/m, including payroll tax
• 4 reserved parking spaces and shopping center parking space available
• Express SBA loan is very possible with a qualified buyer with 50% down, 680+ FICO, and at least 2 years restaurant experience.
• With $80,000 down, a monthly amortization of $1,021 estimated to pay over 9 years at 7.5% annum
• An online NDA form attached for your quick inquires
• For more infomation, contact Kevin Kim at beeinvest.kim@gmail.com

Attached Documents


Detailed Information

Location:
Newport Beach, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,430
Lease Expiration:
10/31/2028
Employees:
4
Facilities:
POS, Walk-in cooler, Acquired Starbucks coffee license, Electric turbo grill, 4 reserved parking spaces, Located inside the building, Spotless clean dining room, Help-run busness
Competition:
No
Growth & Expansion:
Owner/operator runs to increase net income
Financing:
None
Support & Training:
2 weeks after closing
Reason for Selling:
Have another business vebtures
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Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

Show Phone Number

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