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Restaurant w/Specialty Oven, Beer, Wine & Patio!

Irvine, CA (Orange County)

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Asking Price: $135,000

Cash Flow: N/A

Gross Revenue: $1,065,913

EBITDA: N/A

FF&E: $20,000

Inventory: $3,000*

Rent: $13,500 /Month

Established: 2004

*not included in asking price.

Restaurant w/Specialty Oven, Beer, Wine & Patio!

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Business Description

This fast casual restaurant is centrally located at the apex of a strong Irvine shopping center with high foot traffic neighbors. The restaurant has a flexible layout with an outdoor patio and is permitted for beer and wine. The restaurant has a prominently placed specialty oven that is visible throughout the venue’s spacious interior. It has a manager’s office, while its kitchen equipment includes a griddle, grill, stove, 2 bucket deep fryer, salad prep, walk-in cooler and freezer.

Detailed Information

Location:
Irvine, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,697
Lease Expiration:
N/A
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 2,697 square foot location plus outdoor patio leases for $13,500 per month including common area maintenance (CAM), with a 7.5% gross revenue breakpoint (at $180k/mo) on a lease until 5/31/24 with options to be determined. 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. A portion of the concept’s goodwill will remain, depending on a buyer’s new venture.
Competition:
This restaurant boasts a prominent central location at the apex of this strong Irvine shopping center. As such, is has great walk and drive by visibility as well as convenient access from throughout the center.
Growth & Expansion:
This food service venue has a flexible layout and the necessary kitchen equipment to work with any number of quick service, fast casual or casual dining concepts that can capitalize on the prominent location, patio, unique oven and beer and wine entitlement.
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 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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