PRICE REDUCED-47 Licensed Grill and Bar

Orange County, CA

Yummy
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Asking Price: $425,000

Cash Flow: $226,762

Gross Revenue: $1,942,305

EBITDA: $226,762

FF&E: $75,000

Inventory: $20,000*

Rent: $8,900 /Month

Established: 2009

*not included in asking price.

PRICE REDUCED-47 Licensed Grill and Bar

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Business Description

This restaurant is located on a high-traffic main street in gorgeous South Orange County. This destination has quick access to the 5 freeway. In addition, the space provides a quick, easy in-and-out immense private parking lot.

This kitchen, bar & lounge is well established, with 10+ years success under its' belt; it shows on the bottom line. In addition, the space offers an ADA compliant 47 licensed bar, lounge area, (2) large dining rooms and a cozy patio. Serve ice cold beer to your guests with the 8 tap Glycol chilling system, including 1 nitro spout! The kitchen boasts a 16ft hood, 1500 gallon grease trap and city approved Ansul system. The space also offers a large walk in refrigerator and freezer, a lock & key liquor room and ample dry storage. The equipment is well maintained and from top-of-the-line, name brand manufacturers. The owner has done an exceptional job building this business for well over a decade. With a 4 star rating (over 1500 reviews!), clearly the owner is doing something right.

The Seller is moving to the mountain states, so it's time sell his business to a capable buyer. This is an amazing opportunity to step in and either operate this successful restaurant or bring your own brand and concept to this amazing location. The owner has done all the difficult and expensive work for you; save your funds for working capital and marketing! This space previously had an entertainment license, re-apply and increase your revenues. Hire a catering manager, and leverage the large private dining room for events, while simultaneously operating the restaurant and increase your bottom line.

This kitchen, bar & lounge is very profitable, with a proven track record in an excellent location. Rarely do opportunities in South OC come available. Act fast to increase your annual income by $220k+ a year!

Detailed Information

Location:
Orange County, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
4,900
Lease Expiration:
12/31/2024
Employees:
37
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
47 Licensed Bar, with Glycol Chiller (8 tap) & nitro beer system Immense private parking lot 10+ year proven successful & profitable track record Walk-in refrigerator & freezer, 16ft hood and 1500 gallon grease trap Camera security system and fire alert panel Private dining room to conduct events simultaneously with regular operations
Financing:
SBA PRE-APPROVED
Support & Training:
Owner Will Train
Reason for Selling:
Moving out of state
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Robert Marshall

Business Listed By:
Robert Marshall

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Sponsoring Broker:
Sean Edelstein

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