Current Status: Active
Posting #: 267416
Last Refreshed: 5/5/22
Contact: Steve Torabi At 949-427-0414 Cell , 949-424-6065 Office - Also Email This Contact Below
Asking Price: $399,000 Down Payment: $399,000
Annual SDC: Call / Email
Annual Gross: $1,700,000
Business Address: None Given City: Lake Forest Zip: None Given
Attributes: Broker-Broker Coop, Absentee Run, Training & Support
2019 Sales were $2m. 2020 Sales were $1.75m (Covid restrictions with limited indoor dining).
Located in a high demographic area of this South OC city is this nicely decorated and very profitable business for sale. The owners are planning a move out of state and this is the reason for the sale. The restaurant has two kitchens, a full bar and patio with ample outdoor seating to just name a few of the amenities offered. This has always been a profitable restaurant and in 2020 considering the restriction for indoor seating the sales were only down 20% and still made a profit.
2021 has started strong and if the first quarter is any indication of the forecast for the entire calendar year, the sales should surpass the 2019 (Pre-Covid) figures. The menu is upscale casual dining, craft cocktails and nice wine selection to cater to a variety of patrons visiting this business. The business is currently absentee run and two managers at $45k annual salaries each run the business with owners remotely overlooking the operation.
Monthly Rent is $13245 plus CAM . Size of space is 3680 sq. ft.
Expiration: Dec 2022, options available.
Patron capacity:100+
Options: Buyer to qualify for 10 more years
There is a patio.
Deposit: Buyer to qualify
Hours of Operation:11-9 P.M daily
To get more information about this Bar And Grill - Outside Patio business for sale in
Lake Forest, Orange County please phone Steve Torabi (Intermediary, Broker - BRE License #:02022773) at 949-427-0414 Cell and 949-424-6065 Office - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #267416 on BizBen.com. In addition to phoning
Steve Torabi, make sure you email Steve Torabi above to get more info about this
Bar And Grill - Outside Patio, to ask any questions or request an appointment to see this
business for sale. Thank you. License # 01113651. Pacific Reliance Business Brokers.
Related Links & Information Regarding This Posting
My Notes About This Posting
Contact: Jack Oh: 562-787-4989 Cell, 562-544-6863
Status: Active Posting #: 274761 Refreshed: 6/23/2022
Asking Price: $295,000
Down Payment: $35%
Annual SDC: $120,000
Annual Gross: $480,000
Attributes: SBA Loan Pre-Qualified

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Status: Active Posting #: 274063 Refreshed: 6/20/2022
Asking Price: $285,000
Down Payment: Cash
Annual SDC: $100,000
Annual Gross: $840,000
Attributes: Broker-Broker Coop, Absentee Run, Training And Support

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Contact: Joe Ranieri: 714-292-5448 Cell, 714-292-5448 Text
Status: Active Posting #: 273736 Refreshed: 5/22/2022
Asking Price: $349,000
Down Payment: $250,000
Annual SDC: $220,170
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Attributes: Broker-Broker Coop, Semi Absentee Run, Absentee Run, Training And Support, Owner Financing

Well-known ( Peak Top} Highly visible Seafood Restaurant is all-help run (Located in Downtown area). Free-standing building with guest private patio and parking. Seats 150+ inside and 50+ on patio. with Beer and Wine. Total Sales Year 2021 $1,500.000. Net income for year 2021 $220,170.41. Total sales for year 2021 $1,555,000. (Net Income year- 2021 $220,170.41 all help run) Payroll Expenses for year 2021 $270,616.59 { seller may carry with 250,000 seller to approve buyer }.
Contact: Jim Moazez: 562-477-6657 Cell, 562-477-6657 Text
Status: Active Posting #: 269125 Refreshed: 6/6/2022
Asking Price: $495,000
Down Payment: Call / Email
Annual SDC: $230,000
Annual Gross: $1,200,000
Attributes: Broker-Broker Coop, Lifestyle, Training And Support

Working only six days a week, this Breakfast and Lunch cafe in Irvine is serving fresh healthy food and drinks. Located in a beautiful plaza setting in an area surrounded by residential sky-rise condo communities and plenty of large offices. List Price: $495,000 Gross Sales:$1,200,000 SDE: $230,000 Rent: $6,000 1100 sq. ft. Excellent books and records.