Fast Food, Quick Service Restaurant Businesses for Sale in Newport beach, California
Newport Beach, California
Fast Food, Quick Service Restaurant
1 result for "Fast Food, Quick Service Restaurant" businesses in "Newport Beach, California"
Newport Beach, California
Fast Food, Quick Service Restaurant
1 result for "Fast Food, Quick Service Restaurant" businesses in "Newport Beach, California"
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Newport Beach, California
Coffee And Sandwich Restaurant next to beach pier
$ 590,000
CF : $ 144,000
Here's your opportunity to step into a profitable, established coffee and sandwich restaurant business in the beautiful, bustling city of Newport Beach, California. This business, which was established in 2019, is strategically located near the Balboa Pier, making it a favorite spot for locals and tourists alike. The business has been successfully run by an absentee owner, who only puts in 5-12 hours of work per week, demonstrating the potential for a hands-off investment or a full-time commitment for even greater revenue. This business has a proven track record with a stable average monthly gross sale of $57,700, generating an impressive yearly net income of $144,000. The asking price is $590,000, and a down payment of $240,000 is required. This investment presents an excellent opportunity for an SBA loan for eligible buyers. The lease terms are favorable, with a 4+5 year long-term lease in place. The sale includes a beer and wine license, opening up the possibility of expanding the business into a wine bar and creating additional revenue streams. The current owner is offering two weeks of support and training after the closing of escrow to ensure a smooth transition. The business has already attracted significant attention, amassing over 30,010 page views, and currently has an active status. This is a rare opportunity to acquire a well-established, profitable coffee and sandwich restaurant in a prime location. Contact broker Joey Kim today for more details. Don't miss
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