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For Sale: Franchise Family Restaurant - Orange County, California

$699,000.00

Asking Price

  • Address: Cypress, 90630.

Orange County Franchise Family Restaurant Business For Sale

Description

This franchise family restaurant has been owned and operated by the same franchisee for over 40 years who wishes to retire and pass on the torch to the next operator. This store has already been remodeled and it is up to date to the current franchise's standard. The concept has a salad bar, a variety of freshly cut steaks, lobster, and seafood all served in a very fun and friendly atmosphere. There is a beer & wine menu for those patrons looking for an enhanced dining experience. This store is located in a very affluent neighborhood with an income average of well over $100k a year and a median home price of over $1.4m.

This store performs really well with an average monthly sales of $175k and very low rent of $11000 a month or a factor of 6%. The owner spends limited hours at the store and the long-running staff front and back of the house are quite capable of operating the store. A lot of the key employees have been working here for decades and are very loyal to the business and the guests. LEASE BUILDING INFO. Monthly Rent: $11000 Square ft: 4400 Expiration: 2027 Patron capacity: 100+ Options: Buyer to qualify Patio: MO Deposit: Buyer to qualify Hours of Operation: 11-9 P.M. OPERATIONS FINANCIALS Years established: 1980 Monthly sales: $175K No. of employees 16+ Monthly cash flow: $17k+ Monthly payroll: $48k Annual Sales: $2M+ Absentee run: no Annual Revenue: $200k+ (approx.) 2023 MONTHLY FINANCIAL ANALYSIS (Projection) Sales: $175k Rent:$11k Payroll: $48k C.O.G.: 48K Royalty: $14k Misc: $37k (Uncontrollable of utilities, credit card processing, maintenance) Net Potential income: $17k monthly or $200k a year

To get more information about this Franchise Family Restaurant business for sale in 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 #281891 on BizBen.com. In addition to phoning Steve Torabi, make sure you email Steve Torabi above to get more info about this Franchise Family Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01113651. Pacific Reliance Business Brokers.

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Contact

  1. Name: Steve Torabi
  2. phone iconPhone: 949-427-0414 Cell
  3. phone iconPhone: 949-424-6065 Office

Details

  1. Asking Price: $699,000.00

  2. Down: Call/Email

  3. Cash Flow: $200,000.00

  4. Revenue:    $2,000,000.00

  1. Area: Orange County

  2. City: Cypress

  1. Attributes:

    Broker Cooperation

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Email Steve Torabi Below About This Posting


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