Mediterranean Fast Casual Restaurant In Long Beach For Sale

Business description

Rare chance to get a high profile fast casual restaurant grossing over $400k. 2 Great locations are available. Irvine is ideal with many anchors and a prime demographic for this business. Long Beach is in a large Shopping Center ideally between a movie theater and a book store.

The restaurants interior is upscale modern, but still casual and comfortable. This is a rare opportunity to buy existing locations turn-key.
Both locations are “all help run” and run at a small loss each month. An owner operator could decrease payroll and better manage expenses to improve profitability.

This is real simple. If you have a Mediterranean concept, you could build out a space for $250,000 and then wait another year to build the sales to close to where this one is, all along paying overhead and expenses out of your pocket! About $300,000 min. Or buy one of these for just $89k each. Do the math........

Both locations have outdoor patio's

Irvine 1469 sqft Base rent is 5960.41 NNN $1057.41
Long Beach 1603 sqft. Base rent is $5289.90 NNN$1090.73

Buy one or both.

You have two options here, buy this as a franchise or take the business and rebrand it.
Royalties and transfer fees are negotiable at this time.

Quality locations like this are rare, hurry!

Property information

Real Estate:

Lease

Lease terms:

Lease expires 2015 2 X 5 year option Security on lease is $4,809

Leasehold rent:

$63,468 per annum

Premises details:

Seats 27+ patio

Size in square feet:

1,603

Business Operation

Reasons for selling:

Focus on other locations

Trading hours:

Mon - Thur 11am - 9pm Fri & Sat 11am - 10pm

Employees:

5 full time & 6 part time

Years established:

2005

Other information

Furniture / Fixtures value:

$40,000 (included in the asking price)

Inventory / Stock value:

$10,000