NEWPORT COAST, California
| Asking Price |
$599,000 |
Year Established |
2024 |
|
| Annual Revenue |
$1,518,988 |
Reason for Selling |
Personal |
|
| Annual P/L |
$0 |
Attention |
Ryan Clark |
|
| Annual Cash Flow |
$0 |
Listing Number |
1018257 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
This Newport area quick service venue boasts ideal main street visibility that provides it with a built-in advertising platform. The comfort food venue, which has recently been fully renovated without any expense spared – exudes personality at every turn. From its retro beach chic interior and spacious outdoor patio to its walk-up window and onsite parking lot, the establishment is truly an area standout.
Property Features and Assets:
<p>This 1,715 square foot location on a 10.2k square foot lot leases for $16k, and $871 CAM per month on a new 5-year lease with 2 five-year options. All of the company’s furniture, fixtures, and equipment will be included in the sale, though its name will not be. An estimated $5k in inventory will be sold at cost at close in addition to asking price.</p><p> </p>
Market Competition and Expansion:
<p> </p><p>Competitors often differentiate themselves through food quality, portions, pricing, sides and dessert items. This concept has capitalized on each of these, but most of all, has hit it out of the park with their convenient location and onsite parking that provide this location with a hard-to-match competitive advantage.</p><p> </p><p>New management may capitalize on this signature style location to become the flagship outlet for a new brand, or they may use it to make their mark in this highly sought after marketplace. </p><p> </p><p> </p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity