Newport Restaurant w/Beer, Wine & Outdoor Patio!

Newport Beach, CA
Orange County


Asking Price: Annual Revenue:
$150,000 $1,237,305

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Newport Restaurant w/Beer, Wine & Outdoor Patio! Broker: Ryan Clark

Quick Facts

Asking Price: $150,000
Annual Revenue: $1,237,305
Net Profit: Not Disclosed
Cash Flow: $80,122
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 15
BBN Listing #: 71414929
Broker Reference #: NCDrei

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Business Overview:

This fast casual restaurant is located in an affluent Newport Beach community in a bustling shopping center with complementary food service neighbors. The location is permitted for beer and wine and has a patron-embraced 300 square foot outdoor patio. The restaurant has a specialty oven, a client friendly open layout and a condiment bar. Its kitchen equipment includes a griddle, grill, stove, 2 bucket deep fryer, salad prep and a combination walk-in cooler and freezer.

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Property Features and Assets:

This 2,788 square foot location plus a 300 square foot patio leases for $14,000 per month including common area maintenance (CAM) on a lease until 2023 with options to be determined and/or negotiated. 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. If a buyer launches a similar concept under a different name much of the location’s goodwill may be retained.

Market Competition and Expansion:

The complex this venue is located in hosts alternate dining options, but none offer its popular food fare. New management may maintain the brand or they may opt to replace it with their own brand that may be a similar concept or an entirely new one. The location will tremendously benefit from the presence of a full-time owner operator with food service experience. Management may choose to implement any number of concepts that cater to this affluent community, pending landlord approval. The location, its versatile build-out, the beer and wine entitlement and outdoor patio lend themselves to a wide variety of concepts.

Reason for Selling:

Personal

Additional Details:

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

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