High Volume Southern Seafood & Spirits Restaurant

Anaheim, CA
Orange County


Asking Price: Annual Revenue:
$485,000 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: High Volume Southern Seafood & Spirits Restaurant Broker: Jerry Diza

Quick Facts

Asking Price: $485,000
Annual Revenue: $1,000,000
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 #: 233857972
Broker Reference #: 19010JD

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Business Overview:

DESCRIPTION:
Located in one of the most sought after locations in Orange county, this ICONIC upscale food court is well recognized by locals and tourists alike.

Within this fabulous center is our HIGH VOLUME southern comfort seafood cuisine AND bar with a FULL liquor license. This restaurant is famous for its mouthwatering super rich and creamy seafood drenched tomato base pan roast along with all the New Orleans' favorites like gumbo and etouffee and of course, beignets with chocolate dipping sauce. Served in a fast casual format with open bar and open kitchen, customers enjoy watching food prepared in front of them, making this an eating experience to be remembered!

It gets better..it also has a catering permit allowing alcohol service off site.....EXCELLENT for catered events like weddings, anniversaries, birthday parties.....you name it!

Established for over 4 years and has a loyal, regular customer base. Additionally, it has over 900 Yelp reviews at 4 out of 5 stars, making this a popular place for all.

Business is ABSENTEE run... sales were OVER $1.4M in 2016 but owners have other high income businesses which keeps them away from operating this business. New owner can brings sales back up with close management.

CURRENT MANAGEMENT & LABOR:
Restaurant is absentee run.
This is established for over 4 years now.
The staff is highly trained.

FINANCIAL SUMMARY:
2018 Sales at $972,000
Sales average of $81,000/months and rent at $10,400/months.
*** Sales in 2016 over $1.4M.
Needs strong owner operator. Currently absentee run.

PROFORMA ANALYSIS
Sales $81,000/month
Rent: $10,400
Labor: $ 24,300 (industry standard 30%)
COG: $ 24,300 (industry standards 30%)
Misc.: $ 8,100 (10% for credit cards, utilities, repairs)
Net income $13,900/month or $166,800/year if ran at industry standards.

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Property Features and Assets:

FACILITIES & OPERATIONS: Long lease: 5 years left with two 5 years options. This restaurant has 880 square feet with 150 patio, making it easy to operate. Small footprint means less labor. Additionally, food court pays for water, gas and pest control.

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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