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Listing #5128

Absentee - Major Beach Views - Bar

Price: $2,200,000
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Absentee - Major Beach Views - Bar

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This is truly the hottest and most unique location in the Orange County Beach area.  This restaurant and bar overlooks one of OC's premier and very popular and full of tourist beaches with millions of annual visitors who enjoy the HUGE patio overlooking the beach and amazing sunset views from all seats.  There is a full bar serving the most premium brands available to a discrete crowd of foodies, with nothing but the best for their high-end clientele.  

Speaking of foodies, this restaurant serves well designed and artistic meals and backs it with top-notch customer service. It is generally American fare food. Type can not be revealed because it would give away the restaurant. It is unique. 

This is 100% absentee managed restaurant. Owner has 4 other restaurants.  He is raising capital to open a restaurant in Las Vegas at great investment levels.  

If you want to get into the California beach scene in a big way, in a unique and difficult location to find, then this is it!

The build-out alone was was $1.5 million to an existing restaurant space, making this a beautiful restaurant deserving of the area and the clientele who frequent it. 

FINANCIALS: Annualized 2017 revenues are $3,172,000 with Working Owner Cash Flow is $647,000.  

SBA LOAN: So with 20%+ down. A loan of $1,600,000, the monthly payments are about $18,200. With a monthly average working owner cash flow of $53,900, that leaves the owner with $35,700 a month before owner perks. That's an annual return of 112%% cash on cash. Where else can you find that! Buyer needs to perform their own due diligence and not rely upon this analysis. 

LEASE: Expires March 2, 2030.  All-in Rent is $26,909.  Inside Sq. Ft. is Apprx. 4,202 with a huge outside patio overlooking the beach. 

This is a highly confidential listing requiring each buyer to be qualified before details are released. The buyer must have a high credit score, high net worth and plenty of restaurant experience and ownership. 

 

 


This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000
   
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General Information
Listing Status: In Contract
Price: $2,200,000
Location: Orange County
Last Year's Annual Gross: $3,172,000
Last Year's Owner's Cash Flow: $647,000
Lease Information: Expires March 2, 2030
Monthly Rent: $26,909
Liquor License: Type 47
Indoor Seating: 112
Outdoor Seating: 109
Number of Parking Spots: Plenty
# of Part-Time Employees: 45
# of Full-Time Employees: 1
Hours Open: Open Daily at 11am, Except Sunday at 10am. Closes Daily at 10pm, Except Fri. & Sat. Midnight.
Year Established: 2015
Inside Sq. Ft.: 4202
Outside Sq. Ft.: 1500
Hood System Type 1: Yes
Hood System Type 2: Yes


Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.



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