5-Day Sandwich: Semi-Absentee, Rev 288K, Net 46K, at 135K, OC

Newport Beach, CA (Orange County)

5-Day Sandwich: Semi-Absentee, Rev 288K, Net 46K, 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: Semi-Absentee, Rev 288K, Net 46K, at 135K, OC

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Business Description

> A cozy-fancy 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.
> Almost help-run profits. It's Turn-Key.
> 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 from $190,000 a month ago
> A firm price of $135,000, non negotaible.
> For more, see below:
• Gorss sales YTD June 30, 2019 are anywhere between $23,000 and $24,000 per month
• Net profit is currently around $3,500-$4,000 per month. * Semi-absentee run profits. If buyer manages the restaurant directly on a full-time basis, the net profit expected to improve. Based on the buyer’s commitment and skill levels.
• Cost of good, including supplies averages 27%
• All-in rent is $4,500, including NNN/CAM, water, trash and cleaning
• Premise size is 1430 sq. ft.
• Lease: 4+5
• Open hours are from 7 am to 4 pm, Mon thru Fri. All hoildays are closed.
• No of employee: 2 FT, 2 PT (2 kitchen staff and 2 floor staff)
• Semi-absentee run. Owner manages only as needed or run to buy products
• Wages are about $6,000/m, including payroll taxes
• 4 reserved parking spaces and shopping center parking space available also
• Express SBA loan is very possible with a qualified buyer with 50% down, 720+ FICO, and at least 2 years restaurant experience requirement
• With $45,000 down, a monthly amortization of $1,148 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 or leave a voice mail or text mesage at (714) 345-6514

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:
Full kitchen except for hood and grill. 2 POS with electronic menu. Walk-in cooler, Prep table, Prep refrigerators, Freezer, Steam table, Meat slicer, Acquired Starbucks coffee license, Electric turbo grill, 4 reserved parking spaces, Located inside the building, Spotless clean dining room and kitchen because building management janitor team cleans the facility every day after closing. Almost help-run.
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

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