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Casual Dining Authentic Thai Restaurant

Newport Beach, CA (Orange County)

Casual Dining Authentic Thai Restaurant
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Asking Price: $300,000

Cash Flow: N/A

Gross Revenue: $360,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $8,000 /Month

Established: 1977

Casual Dining Authentic Thai Restaurant

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Business Description

DESCRIPTION:
PRIME NEWPORT BEACH location….high visibility on PCH and 55 fwy! Stand-alone building with excellent street signage. Also has a FULL liquor license. Fully equipped, large kitchen, perfect for high volume service and catering. Walk-in refrigerator, large 20’ type 1 hood, prep tables, etc.

Vaulted ceilings, separate bar area and LONG LEASE over 20 yrs left on options. Rent LOW LOW LOW at $8k/month with approx.. 3000 sf! Currently an Asian restaurant but can convert to other concept with landlord approval. This could be the next NEWPORT BEACH HOT SPOT with the right ownership in place.

VALUE IS IN THE LOCATION, LOW RENT, BUILD OUT and FULL LIQUOR LICENSE. Restaurant did over $100k/mos in it’s glory days. Owner is tired and does NO marketing and sales have dropped. This is an asset sale! Will sell fast!

Don’t miss this opportunity to own this EXCELLENT restaurant. Make an offer now!

LEASE:
Monthly Rent: $8,000 inc. CAM
Options: 20 years option

BUILDING INFO:
Square ft: 3000
Patron capacity: 110
Hours of Operation: 11:00 am - 3:00 pm, 5:00 pm - 10:00 pm

OPERATIONS:
Years Established: 42
Franchise: No

FINANCIALS:
Monthly sales: $30,000
Annual Sales: $360,000

Detailed Information

Location:
Newport Beach, CA
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Business Website:
http://pacificrestaurantbrokers.com
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Pacific Restaurant Brokers

Business Listed By:
Jerry Diza

Pacific Restaurant Brokers

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