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Neighborhood Gem! Italian Restaurant, Craft Beer & Wine Sales, $200,000 Income, Great Lease RRC#: 3631

Orange County, California, United States of America
$450,000

Business For Sale Details

Updated on February 11, 2020 at 12:03 pm

  • Property ID: 3631
  • Price: $450,000
  • Type: Pizzerias
  • Status: Business For Sale
  • Revenue (Annual): $500,001-$1,000,000
  • Cash Flow (Annual): $150,001-$250,000
  • Rent: $4,783 rent, $817 cams
  • Lease Expiration: April 30, 2022
  • Year Established: 1980
  • Current Ownership: 2012
  • Reason For Sale: Other Interests
  • Employees: 23
  • Revenue (Yearly): $980,895
  • Cash Flow (Yearly): $205,113
  • Days/Hours of Operation: Daily 11AM-9PM, Closes Fri-Sat at 10PM
  • Seating: 50
  • Parking: Parking lot in front
  • Licenses: ABC type 41, health dept permit, city business license
  • Lease Security Deposit: Yes
  • Lease Options: 5 year-landlord will probably issue longer lease

Description

Neighborhood Gem! Italian Restaurant, Craft Beer & Wine Sales, $200,000 Income, Great Lease RRC#: 3631

Asking Price: Offered At $450000
Location: Orange County
Annual Revenue: $980,895
Annual Cash Flow: $205,113
Monthly Rent: $4,783 rent, $817 cams

Listing Description:
This casual, 50 seat, full service restaurant is absentee owner run and has been in existence for 40 years. Serving up pizza, pasta, steaks and seafood for lunch & dinner with often an hour or more wait on weekends. Situated in a lovely Orange County neighborhood with a strong local following, consistent sales and great reviews! 12 beers on tap and high wine sales. Located near $1,000,000 homes, hospital and businesses without a lot of restaurant competition. This is a very well maintained restaurant with new carpet, air conditioning, newer refrigeration and well maintained equipment. Plenty of parking. Fully equipped kitchen with walk in cooler. They run their own deliveries and can deliver beer and wine. We are looking for an operator to make it their own!

General Information:
Established: 1980
Current Owner: 2012
Employees: 23
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $81,741
Monthly Cash Flow: $17,092
Annual Revenue: $980,895
Annual Cash Flow: $205,113
Payroll: Contact For Info

Business For Sale Location:

  • Location: Orange County, California, United States of America
  • City / County: Orange County
  • State / Province: California
  • Country: United States

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