Price: $950,000
Location: Orange County, CA
Industry: Restaurant and Food
Listing ID: 5218 WP
Listing Status: Reduced Price
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. 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. Buyer should be professional, experienced, and have ample liquidity as Seller is looking for a quick cash sale. Confidential Sale, please do not disturb employees, landlord, neighbors or customers. Contact Broker for more information and NDA.
Down Payment: $950,000
Total Sales: $2,800,000
Cash Flow: $350,000
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: $21,667
Type of Location: Shopping Center
Square Footage: 8660 + Patio
Relocatable: No
Reason For Sale: Moved out of State