Casual Dining Authentic Thai Restaurant

Newport Beach, CA
Orange County


Asking Price: Annual Revenue:
$199,000 $360,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Casual Dining Authentic Thai Restaurant Broker: Jerry Diza

Quick Facts

Asking Price: $199,000
Annual Revenue: $360,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 330757972
Broker Reference #: 19029JD

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Business Overview:

DESCRIPTION:
PRIME NEWPORT BEACH location....high visibility on PCH and 55 fwy! Stand-alone building with excellent street signage. Also has a FULL liquor license. Fully equipped, large kitchen, perfect for high volume service and catering. Walk-in refrigerator, large 20’ type 1 hood, prep tables, etc.
Vaulted ceilings, separate bar area and LONG LEASE over 20 yrs left on options. Rent LOW LOW LOW at $8k/month with approx.. 3000 sf! Currently an Asian restaurant but can convert to other concept with landlord approval. This could be the next NEWPORT BEACH HOT SPOT with the right ownership in place.
VALUE IS IN THE LOCATION, LOW RENT, BUILD OUT and FULL LIQUOR LICENSE. Restaurant did over $100k/mos in it’s glory days. Owner is tired and does NO marketing and sales have dropped. This is an asset sale! Will sell fast!
Don’t miss this opportunity to own this EXCELLENT restaurant. Make an offer now!

OPERATIONS
Years established: 42
Absentee run: No
Franchise: No

FINANCIALS
Monthly sales: $30,000
Annual Sales: $360,000

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Property Features and Assets:

LEASE Monthly Rent: $8,000 inc. CAM Options: 20 years option BUILDING INFO. Square ft: 3000 Patron capacity: 110 Hours of Operation: 11:00 am – 3:00 pm, 5:00 pm – 10:00 pm

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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