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Newport Restaurant w/Beer, Wine & Outdoor Patio – Affluent Community!

Newport Beach, CA (Orange County)

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Asking Price: $135,000

Cash Flow: $80,122

Gross Revenue: $1,237,305

EBITDA: $80,122

FF&E: $20,000

Inventory: $3,000*

Rent: $14,000 /Month

Established: 2004

*not included in asking price.

Newport Restaurant w/Beer, Wine & Outdoor Patio – Affluent Community!

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Business Description

This fast casual restaurant is located in an affluent Newport Beach community in a bustling shopping center with complementary food service neighbors. The location is permitted for beer and wine and has a patron-embraced 300 square foot outdoor patio. The restaurant has a specialty oven, a client friendly open layout and a condiment bar. Its kitchen equipment includes a griddle, grill, stove, 2 bucket deep fryer, salad prep and a combination walk-in cooler and freezer.

Detailed Information

Location:
Newport Beach, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,088
Lease Expiration:
N/A
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 2,788 square foot location plus a 300 square foot patio leases for $14,000 per month including common area maintenance (CAM) on a lease until 2023 with options to be determined and/or negotiated. All of the restaurant’s non-branded furniture, fixtures, equipment and Type 41 Beer and Wine License will be included. The name, menu, point of sale system and branded fixtures and other items will not be included unless the buyer chooses to maintain the concept. If a buyer launches a similar concept under a different name much of the location’s goodwill may be retained. (Home Based)
Competition:
The complex this venue is located in hosts alternate dining options, but none offer its popular food fare. New management may maintain the brand or they may opt to replace it with their own brand that may be a similar concept or an entirely new one.
Growth & Expansion:
The location will tremendously benefit from the presence of a full-time owner operator with food service experience. Management may choose to implement any number of concepts that cater to this affluent community, pending landlord approval. The location, its versatile build-out, the beer and wine entitlement and outdoor patio lend themselves to a wide variety of concepts.
Support & Training:
2 Weeks at 20 hrs/Wk
Reason for Selling:
Personal
Home-Based:
This business is Home-Based
Franchise:
This business is an established franchise
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Contact the Seller

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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 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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