Restaurant In Costa Mesa For Sale

Business description

Mediterranean, Italian restaurant on a busy corner location in a neighborhood shopping center with heavy traffics in affluent community of Costa mesa/Newport beach area. It is surrounded by residential & professional businesses, school & shopping centers.

The owner has invested over $200,000 to build up this restaurant just a few months ago, & almost everything in the restaurant is brand new including the 19 ft hood & everything under it, all the equipments, furniture, fixture, & computerized cash register system.

Although it has only been open for about 3 months, but already the sales has gone over $25,000 a month & the owner believes this trend will continue to $450,000 yearly sales in a year or so. & that is without the Beer & Wine license which obtaining the license will increase the sales even more.

There is also curbside patio which has not been utilized & the owner is thinking to have an opening from inside the restaurant into the patio. The restaurant also could be converted into different type of food operation such as Pizza, Chinese, or Susi restaurant.

The owner has a project in San Francisco which he need to start early next year & he has to sell this restaurant which he is really in love with.

Annual Revenue: $300,000
FF&E: $125,000 (Included in the price)
Inventory: $125,000 (Included in the price)
Seller’s Discretionary Cash Flow: $60,000
Asking Price: $90,000

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: -----@-------------.---

Property information

Real Estate:

Lease

Premises details:

1200 sq ft, $4800.00

Other information

Reasons for selling:

relocating.

Financing available:

Downpayment Required: $0

Furniture / Fixtures value:

$125,000 (included in the asking price)

Inventory / Stock value:

$2,500 (included in the asking price)