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Iconic Pub And Restaurant - High Volume

Orange, CA (Orange County)

Iconic Pub And Restaurant - High Volume
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Asking Price: $999,000

Cash Flow: $400,000

Gross Revenue: $2,000,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $18,500 /Month

Established: N/A

Iconic Pub And Restaurant - High Volume

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Business Description

This high volume of profitable business is a well-known icon at the forefront of PCH in Newport beach. This establishment is in an unrivaled location and home to some of the most beautiful beaches in California, making it a premium tourist destination with attractions like balboa fun zone, fashion island, among others. Known for its prestigious dining and resorts, the city offers amenities that are sought after year-round from both locals and tourists worldwide. Additionally, the establishment is walking distance to famous beaches for surfing, swimming and sunbathing.

Established for over 20 years, this high volume bar & restaurant is known for its mouth-watering seafood dishes, gourmet pasta dishes, and refreshing bar drinks. The business has a loyal, regular customer base who have an average household income of over $160k per year (per city-data.com).

Patrons enjoy weekly and late-night specials, which keep the bar and kitchen busy and help the restaurant thrive. Over 2,500 likes on facebook and over 500 yelp reviews at 4 out of 5 stars, making this a very popular place for having fun. Additionally, the restaurant has a cozy patio which is also licensed to sell alcohol.

Equipment:
This establishment is fully equipped to handle high volume orders.

FACILITIES & OPERATIONS:
The bar has 2400 square feet, located at a very popular and visible part of Newport Beach. It has two 5 year
options on the lease and rent expense at $18,500 (with NNN included). Rent is LESS THAN 10% OF SALES!!!

It also possesses a 47 ABC liquor license and the patio is licensed for alcohol service. High-profit margins!!!

CURRENT MANAGEMENT & LABOR:
The restaurant is an absentee run. The owner has other restaurant ventures and is looking to consolidate his time and efforts on those ventures.

MARKETING OPPORTUNITIES:
This restaurant has a strong track record in sales and history at this location. The business thrives off its repeat customers, prime location, established company name, and attractive weekly specials. New owner can capitalize on its iconic reputation as well as implement various marketing strategies to its large existing customer base.

FINANCIAL SUMMARY:
2017 sales at $2M/year, ($400K/yr proforma on 20% net) Sales are VERIFIABLE.
Expenses follow industry standards and the business realizes a spectacular six-figure annual profit.

Please note: Due to the potential damage to the business, the owner requires the agent to pre-screen potential Buyers prior to releasing identifying information and will release information only to Buyers who are both financially qualified and have sufficient prior experience. Proof of funds required.

Listing #18161JD
visit us at www.PacificRestaurantBrokers.com and fill out our Confidentiality Form

Detailed Information

Location:
Orange, CA
Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
N/A
Business Website:
http://WWW.PacificRestaurantBrokers.com
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Pacific Restaurant Brokers

Business Listed By:
Jerry Diza

Pacific Restaurant Brokers

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