Iconic High Volume Pub & Restaurant

Newport Beach, CA
Orange County

Asking Price: Annual Revenue:
$999,000 $2,000,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Iconic High Volume Pub & Restaurant Broker: Jerry Diza

Quick Facts

Asking Price: $999,000
Annual Revenue: $2,000,000
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 #: 310557972
Broker Reference #: 18161JD

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Business Overview:

This HIGH VOLUME profitable business is a well-known icon on the forefront of PCH in Newport Beach. This establishment is in an unrivaled location and home to some of the most beautiful beaches in California, making it a premium tourist destination with attractions like Balboa Fun Zone, Fashion Island, among others.

Known for its prestigious dining and resorts, the city offers amenities that are sought after year-round from both locals and tourists worldwide. Additionally, the establishment is walking distance to famous beaches for surfing, swimming and sunbathing. Established for over 20 years, this high volume bar restaurant is known for its mouth-watering seafood dishes, gourmet pasta dishes, and refreshing bar drinks.

The business has a loyal, regular customer base who have an average household income of over $160k per year (Per City-data.com). Patrons enjoy weekly and late-night specials, which keep the bar and kitchen BUSY, and help the restaurant thrive.
Over 2,500 LIKES on Facebook and over 500 Yelp reviews at 4 out of 5 stars, making this a very popular place for having fun. Additionally, the restaurant has a cozy patio which is also licensed to sell alcohol.

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Property Features and Assets:

The bar has 2400 square feet, located at a very popular and visible part of Newport Beach. It has two 5 year options on the lease and rent expense at $18,500 (with NNN included). Rent is LESS THAN 10% OF SALES! It also possesses a 47 ABC liquor license and the patio is licensed for alcohol service. High profit margins!

Market Competition and Expansion:

This restaurant has a strong track record in sales and history at this location. The business thrives off its repeat customers, prime location, established company name, and attractive weekly specials. New owner can capitalize on its iconic reputation as well as implement various marketing strategies to its large existing customer base.

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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