Costal Community - Franchised Restaurant & Sports Bar - High Gross

Orange County, CA

Costal Community - Franchised Restaurant & Sports Bar - High Gross
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Asking Price: $695,000

Cash Flow: $300,478

Gross Revenue: $1,851,934

EBITDA: N/A

FF&E: $0

Inventory: $15,000*

Established: N/A

*not included in asking price.

Costal Community - Franchised Restaurant & Sports Bar - High Gross

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Business Description

Franchised Restaurant & Sports Bar - High Gross - 100% Absentee Run - Very Attra

Rare opportunity to acquire an attractive, costal community located, high gross, 100% absentee owned and employee operated restaurant and sports bar with full liquor(ABC-Type 47) license in the very desirable and upscale County of Orange.

This business establishment with ample seating capacity attracts patrons for a quick business lunch to a fun filled night out with friends and family.

Indoor Seating: 275+-
Patio Dining: 100+-

Upon arrival, this establishment pampers its guests with a large selection of draft beers on tap, a full bar, mouthwatering menu, multiple flat screen televisions, providing an enjoyable entertainment atmosphere.

Additionally, current ownership dedicates almost no time and resources for advertisement and promotion of this business and most of its clientele is established repeat or walk-in, therefore, upside potential, additional revenues and resulting higher bottom line may be realized by actively engaging in advertisement campaigns and utilizing social media.

Furthermore, current ownership is in the process of adding a high-end pizza franchise in a limited menu capacity as an added revenue generator, potentially resulting in higher revenue and corresponding higher net profitability.

Material Facts:
NET Sales Year 2019: $1,851.934.00
SED/NET(after add backs): $300,478.00

Sellers maintain a full complement of staff with very high payroll related expenses year 2019 in excess of $624,000.00 annually, therefore, a higher bottom line may be realized for an energetic new buyer by controlling payroll related expenses.

Clean and verifiable gross sales revenues, 100% absentee ownership, full complement of staff, very busy major street location along with opportunity for expansion and growth presents a rare acquisition opportunity.

Please note, that all proprietary information including business location will be disclosed only after a qualified NDA has been completed and executed.

Detailed Information

Location:
Orange County, CA
Inventory:
Not included in asking price
Employees:
20+-
Facilities:
Very Attractive, 7000 Sf +-(including patio), Costal Area, Orange County, Southern California.
Support & Training:
Included s part and parcel of the acquisition process.
Reason for Selling:
Sellers are absentee medical professionals seeking to exit industry and relocate
Franchise:
This business is an established franchise
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(from currently available funds)
 
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Mani Singh, CBB.

Business Listed By:
Mani Singh

TNW Business Brokers

Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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Ad#:1800642

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