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Great Opportunity To Own a 5 Star Restaurant

Orange County, CA

Great Opportunity To Own a 5 Star Restaurant
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Asking Price: $675,000

Cash Flow: $300,000

Gross Revenue: $1,000,800

EBITDA: N/A

FF&E: N/A

Inventory: $20,000*

Established: 1995

*not included in asking price.

Great Opportunity To Own a 5 Star Restaurant

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Business Description

This is a very rare opportunity to own one of the finest 5-star
restaurants in the OC. Now celebrating its' 25th year,
This Restaurant is located in beautiful scenic Laguna
Beach, less than a 5 minute stroll from those popular beaches
frequented by millions of tourists and locals alike throughout
the year. Serving time honored family Italian recipes,
The Restaurant features a full bar, extensive wine list, and
handcrafted pasta (made daily) and gelato. You won't find a
more authentic Italian experience!
This restaurant is top shelf in every regard. The restaurant has
received numerous awards including OC Award Of
Excellence and Chef of the Year, with outstanding Yelp &
Zagat reviews. When the current owner took over in
mid-2016, he remodeled the entire kitchen and dining room,
not only with all new furniture, fixtures, and equipment, but brought it completely up to code. Plus, the upscale Laguna
Beach location has many annual events that draw huge crowds such as the Festival Of Arts, Sawdust Festival, Art
Museums, and OC locals who day trip here to enjoy the ocean.
It's the right time of life for the current owner to focus on fewer restaurants; this is a prime opportunity for an experienced
restaurateur. New management can maintain the current formula, serving fine Italian dinners (current owner is only open
5 - 10 pm, 6 days/week). Or, tremendous growth is available for a new owner who is interested in adding breakfast,
lunch, Sunday brunches, and aggressively expanding the catering.
Two options to purchase: $675k for the operating business, including recipes, menu, name, and clientele. Otherwise,
purchase as an Asset Sale: furniture, fixtures, equipment and 47 liquor license only for $275k. This is a genuine
rarity, and a perfect opportunity for the right Buyer. Is that Buyer you? Contact your Agent today

Detailed Information

Location:
Orange County, CA
Inventory:
Not included in asking price
Employees:
18 part time
Facilities:
Seller completely remodeled the place in 2016 all new everything
Competition:
Great Beach Side location and many yearly events that draw large crowds
Growth & Expansion:
New owner Can open for Breakfast, Lunch, do more catering and more
Support & Training:
Seller will train
Reason for Selling:
Downsizing from multiple locations
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Contact the Seller

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Tony Magana

Business Listed By:
Tony Magana

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Sponsoring Broker:
Sean Edelstein

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