Neighborhood Gem Italian Restaurant Craft Beer

Not Disclosed, CA
Orange County

Asking Price: Annual Revenue:
$450,000 $980,895

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Neighborhood Gem Italian Restaurant Craft Beer Broker: Seller of Business
License #: 01310250

Quick Facts

Asking Price: $450,000
Annual Revenue: $980,895
Net Profit: Not Disclosed
Cash Flow: $205,113
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1980
Employees: 23
BBN Listing #: 343411533
Broker Reference #: 3631

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Business Overview:

Neighborhood Gem! Italian Restaurant, Craft Beer & Wine Sales, $200,000 Income, Great Lease RRC#: 3631

Asking Price: Offered At $450,000
Location: Orange County
Annual Revenue: $980,895
Annual Cash Flow: $205,113
Monthly Rent: $4,783 rent, $817 cams

Listing Description:
This casual, 50 seat, full service restaurant is absentee owner run and has been in existence for 40 years. Serving up pizza, pasta, steaks and seafood for lunch & dinner with often an hour or more wait on weekends. Situated in a lovely Orange County neighborhood with a strong local following, consistent sales and great reviews! 12 beers on tap and high wine sales. Located near $1,000,000 homes, hospital and businesses without a lot of restaurant competition. This is a very well maintained restaurant with new carpet, air conditioning, newer refrigeration and well maintained equipment. Plenty of parking. Fully equipped kitchen with walk in cooler. They run their own deliveries and can deliver beer and wine. We are looking for an operator to make it their own!

General Information:
Established: 1980
Current Owner: 2012
Employees: 23
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $81,741
Monthly Cash Flow: $17,092
Annual Revenue: $980,895
Annual Cash Flow: $205,113
Payroll: Contact For Info

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Property Features and Assets:

Parking lot in front Hours: Daily 11AM-9PM, Closes Fri-Sat at 10PM Licenses Required: ABC type 41, health dept permit, city business license Lease Expiration: April 30, 2022 Lease Option: 5 year-landlord will probably issue longer lease Security Deposit: Yes

Reason for Selling:

Other Interests.

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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