Irvine Area Juice Bar w/Beer & Wine – Several Avenues for Expansion!

Irvine, CA (Orange County)

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Asking Price: $100,000

Cash Flow: N/A

Gross Revenue: $101,161

EBITDA: N/A

FF&E: $20,000

Inventory: $2,000*

Rent: $3,636 /Month

Established: 2018

*not included in asking price.

Irvine Area Juice Bar w/Beer & Wine – Several Avenues for Expansion!

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Business Description

This newly launched Irvine Area juice bar with beer and wine is poised for expansion and to be brought to the next level in any number of ways that new management deems suitable. The premise is located in a mixed use retail-residential space with another food service venue and a somewhat built-in client base.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,220
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This newly constructed 1,220 square foot facility leases for $3,636 per month plus triple net (NNN) expenses on a new 5 year lease with one 5 year option. All of the businesses, furniture, fixture, equipment, goodwill and Type 21 beer and wine license will be included in the sale. Approx. $2,000 in inventory will be sold at cost.
Competition:
Competition exists in the greater area, however, this venue is within a residential complex that insulates it somewhat from direct competition.
Growth & Expansion:
New management will likely choose to capitalize on the juice as smoothie component, as well as on the newly granted beer and wine license to carry the torch forward with a concept that manages to capitalize on the somewhat built-in customer base, but caters to them in both the daytime as well as in the evenings. Due to an existing non-compete agreement, coffee cannot be added to the service offering. As the current owner only devotes and estimated 5-10 hours per week to the venue, it could greatly benefit from a customer friendly owner-operator with a vision and prior hospitality experience.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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