Costa Mesa Restaurant w/Beer, Wine & Patio!

Costa Mesa, CA
Orange County


Asking Price: Annual Revenue:
$225,000 $762,252

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Costa Mesa Restaurant w/Beer, Wine & Patio! Broker: Ryan Clark

Quick Facts

Asking Price: $225,000
Annual Revenue: $762,252
Net Profit: Not Disclosed
Cash Flow: $150,658
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2019
Employees: 10
BBN Listing #: 16094929
Broker Reference #: GypSyF

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Business Overview:

This new restaurant with beer, wine and an outdoor patio boasts a premier location in one of Costa’s Mesa’s most sought after centers. The concept driven venue has been customer embraced, albeit with a somewhat targeted menu and food product that the proprietors excel with. Given the dynamic customer base, coupled with the venue’s versatile layout and comprehensive kitchen, the existing concept may be maintained as is, or pivoted with a tastefully enhanced menu that may capture the plethora of morning, afternoon, dinner and late evening diners the frequent the area.

Training: As negotiated

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Property Features and Assets:

This 1,679 square foot facility leases for $8,311 per monthly plus $1,700 in monthly common area maintenance (CAM) charges on a lease until 12/31/29 with one 5 year option to renew. All of the business’s furniture, fixtures, equipment and Type 41 Beer & Wine license will be included in the sale. The name, concept and goodwill may be included for an additional $50,000, on top of the asking price denoted. $3,000 in inventory will be sold at cost at close in addition to asking price.

Market Competition and Expansion:

This restaurant is prominently located in a premier Costa Mesa shopping center. Competition exists for a variety of competing concepts, which all venues tend to collectively benefit from. Given the dynamic customer base, coupled with the venue’s versatile layout and comprehensive kitchen, new management may maintain the existing concept as is or they may prefer to pivot it with a tastefully enhanced menu that may capture the plethora of morning, afternoon, dinner and late evening diners the frequent the area. Given their beer and wine entitlement, a curated beverage selection may also be created to enhance the food offerings.

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 not a franchise resale opportunity.

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