Price: $590,000
Location: Orange County, CA
Industry: Restaurant and Food
Listing ID: 5218 WP
Listing Status: Reduced Price
Asset Sale with Gross Revenues in 2024 of $2,730,000. Very Popular Sushi & Teppan Grill Restaurant with Full Cocktail License. Popular Trendy, Long Established in the Heart of South Orange County, Mission Viejo. Since 2005 This Happening Restaurant with a Club Vibe has Been Rockin Customers and Pouring Drinks packed on weekends. Prime Location on Top Floor of Shopping Center directly across from Movie Theater. Very short hours from 5:00 PM and Kitchen closing at 10:00 PM. Drinking goes on until customers thin out. Ample parking, large and very spacious at 8660 Square Feet plus Patio yielding 9200 Square Feet total. Maximum Capacity is 385 inside, and 49 on Patio. Rent is $2.51 + NNN $0.99 per SQFT. Total Rent + NNN is almost $30K per month. Total of 40 Employees run the show with a full time manager. Owner lives out of state, and wants the business sold. This is a great opportunity to acquire a solid, long running establishment with a long lease and fantastic terms. Clean ABC 47 Cocktail License.
This is an "Asset Sale, As Is, Where Is". Seller has lowered the price for a quick sale of assets. Sales records are on the POS, but this is an Asset Sale with no further Book Check. Buyer may perform due diligence on the assets, not goodwill.
Buyer should be professional, experienced, and have ample liquidity to successfully operate such a large restaurant, and qualify with the Landlord.
Confidential Sale, please do not disturb employees, landlord, neighbors or customers. Contact Broker for more information and NDA.
Listing: 5218 WP
Down Payment: $590,000
Total Sales: $2,730,000
Cash Flow: N/A
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: $800,000
FFE Included: Yes
Inventory: $18,000
Inventory Included: No
Year Established: 2005
Days & Hours of Operation: 5:00 PM to 10:00 PM
Non-Owner Payroll: N/A
Employees: 40
Managers: 1
Absentee Owner: Yes
Real Estate: N/A
Monthly Rent: $30,000
Type of Location: Shopping Center
Square Footage: 8660 + Patio
Relocatable: No
Reason For Sale: Moved out of State
