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 Info

  • OrganizationContact For Info
  • Established1980
  • Current Owner2012
  • Employees23
  • Reason For SaleOther Interests

Facilities

  • Seating50
  • Square Feet1800
  • ParkingParking lot in front
  • LicensesABC type 41, health dept permit, city business license
  • Open HoursDaily 11AM-9PM, Closes Fri-Sat at 10PM

Lease

  • Rent$4,783 rent, $817 cams
  • ExpirationApril 30, 2022
  • Yearly IncreaseContact For Info
  • Option5 year-landlord will probably issue longer lease
  • DepositYes

Financials

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

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location