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Costa Mesa, Orange County, California
Costa Mesa Area Restaurant & Bar – Established Customer Favorite!
Asking Price
$895,000
Revenue
$3,021,746
Down
$995,000
Cash Flow
$205,190
Description
While there are no shortage of authentic restaurants throughout Southern California, this venue has been a perennial favorite for over 50 years, making it the incumbent and most established market leader. Its name brand, decades of goodwill, spacious parking lot shared in a center with high traffic anchor tenants, freeway accessibility and main street drive-by visibility all create the perfect storm of restaurant attributes that provide this venue an unmatched competitive advantage.
This well-established venue has recently undergone a comprehensive remodel during the COVID induced slow-down. As a result, the venue has recovered and is surpassing its already impressive historical performance. Though it has been a family operated business, the operation may benefit from a full-time working owner-operator that has hospitality industry experience and is able to minimize expenses while bolstering the establishment’s already stellar revenues. The bar portion of the operation naturally enjoys the highest margins. This portion of the business may present the greatest opportunity for new management to quickly enhance profits even further.
Business Details
Year Established:
1966
Employees:
45
FE&E:
100000
Reason for sale:
Retirement
Support & Training:
Seller will train for 2 weeks at 20hrs per week or as negotiated.
Property Information
Size in Square Feet:
4,000 sqft
Premises Details:
This 4k square foot venue leases for $10,616 per month plus $2,829 in common area maintenance (CAM) expense on a lease until 1/31/29 with options to be negotiated in a sale. All of the business’s furniture, fixtures, equipment, Type 47 Liquor License, tremendous goodwill and trademarked name and related names will be included in the sale. An estimated $20k in liquor inventory will be sold at cost at close in addition to purchase price.
Lease & Tenant Information
Lease Options:
$13,445
Posting Information
Posting ID:
7732024
Business Category:
Restaurants & Food
Business Types:
American Restaurant
Bar, Pub, Sports Bar, Lounge, Tavern
Attributes:
For Sale By Owner
Training And Support
Send NDA Request
Please complete the form below to request the NDA for this listing. The broker will review your request and send the NDA for you to sign.
Posting Title
Costa Mesa Area Restaurant & Bar – Established Customer Favorite!
Posting ID
#7732024
Full Name (Required)
Email (Required)
Phone (Required)
NDA Signed Successfully!
Your NDA has been signed and submitted. The broker will review and countersign it. Once complete, you will receive access to confidential business details.
Agent, Broker or Seller Contact
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