Rotisserie Chicken Restaurant In Orange County For Sale

Business description

Asset sale restaurant with Beer & Wine license & 25 years history, on a very busy street in Costa Mesa /Newport area in Orange County. It is a free standing building with ample parking & good size frontage toward the Street with great signage. The menu includes chicken, ribs, burger and sandwiches. There are many loyal & repeat customers who patronize this restaurant throughout the year. The restaurant has a great marquee sign which attracts many customers from the heavy Street traffics.

The business is down because of slowdown in the economy in the last couple of years but not long ago the revenue was nearly $400,000 a year, with close to $100,000 a year in cash flow & the expectation is that the business turn around will generate that kind of revenue again.

It is easy operation & if it is needed the owner is willing to stay for a while & train new operator. The menu could be changed to some other type of food operation if the new operator wants to. The operation could also be converted into some other usage such as dentistry or other type of professional services since the location is very desirable & could be used for most of the retail businesses.

Annual Revenue: $210,000
FF&E: $10,000 (Included in the price)
Inventory: $1,000 (Included in the price)
Seller’s Discretionary Cash Flow: $24,000
Asking Price: $65,000 (Reasonable offer will be considered)

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.

For more information contact Mehdi Kazerooni,
SUNBELT BUSINESS BROKERS of ORANGE COAST at ------------.
fax: ------------. email: -----@-------------.---

For a complete listing of our currently available business opportunities go to: ---.-------------.---

Property information

Real Estate:

Lease

Premises details:

1449 sq ft, $6065.00

Business Operation

Reasons for selling:

other ventures.

Employees:

Full Time: 2

Years established:

27

Other information

Financing available:

Downpayment Required: $0

Furniture / Fixtures value:

$10,000 (included in the asking price)