Description About This Posting: Market, Quick Service Restaurant
This absentee run Newport Beach area market with off-site liquor sales boasts a full kitchen for its quick service food operation. The market commands one of the area's most prestigious locations and is poised for an active owner-operator to take all three of the enterprise's different components in any number of directions.
This 5,000 square foot venue leases for $6,300 per month on a lease until 2027. A buyer should not anticipate that any options will be granted in the sale. $75,000 - $100,000 in retail inventory will be sold at cost at close in addition to purchase price.
This market and quick service restaurant is slightly insulated from direct competition in its immediate vicinity. This gives rise to the opportunities a new owner has to grow the business, while threats from industry entrants and new competition remain limited.
New management may capitalize on this venue's unique location and onsite kitchen by relaunching the food concept with a menu that caters to local residents as well as the bustling tourist market. A delivery service could also be an excellent offering for the affluent, local clientele. In fact, given the venue's size a full-scale catering operation may be launched from the location. Management may do the same with the venue's beer, wine and liquor selection so they would not only cater to tourists with standard preferences but also to neighborhood aficionados who may prefer upscale options. Finally, the market's inventory offering can be revisited to cater to any unmet market needs. Of course the market can provide its patrons their favorite items, but it can potentially develop a loyal following in new specialty product segments.
To get more information about this Market, Quick Service Restaurant business for sale in
Newport Beach, Orange County please phone Ryan Clark (Broker) at 310-652-8353 - if you get
voicemail please leave a detailed message - make sure you mention you
saw this posting/ad #247456 on BizBen.com. In addition to phoning
Ryan Clark, make sure you email Ryan Clark above to get more info about this
Market, Quick Service Restaurant, to ask any questions or request an appointment to see this
business for sale. Thank you.
Related Links And Information Regarding This Posting
Founder & President Of BizBen.com (since 1994) & BizBenNetwork.com. I am the Lead Facilitator for the ProSell & ProBuy Programs on both websites. I consult daily with buyers, sellers, and intermediaries daily about buying and selling businesses. Call 925-785-3118.
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972.
Through creative problem solving, attention to detail, accessibility, & understanding that unnecessary delay is often a deal killer, I work closely with my clients and other professionals to consistently achieve a high rate of successful closings. Office: 909-255-8353, Cell: 509-951-7230.
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
First, we must define, who are the Millennials? The exact years are up for debate, but Millennials were born during approximately between 1981-1986, which today would be between 22 and 37 years of age. Joe Ranieri looks at what these buyers are looking for and what qualities they seek in businesses.
Buying a restaurant (no matter what type) can have many pitfalls, and potential restaurant buyers should know how to avoid getting burned! Several restaurant intermediaries and advisors weigh in on this BizBen Discussion about the best way to find, purchase and run a restaurant successfully!
As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client's folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.
Butcher shops, once a vestige, are increasingly becoming popular again in many metropolitan and suburban cities. In this Discussion Post on BizBen, Joe Ranieri (Orange County & LA County Business Broker) discusses various issues of buying a butcher shop and what that entails for business buyers.
Ever wonder what is involved in obtaining business purchase financing to buy a business or franchise? Peter Siegel, MBA who has over 25 years advising on all types of financing for business buyers in this BizBen Podcast & Webinar - SBA loans, Non-SBA Financing, Alternative Financing Sources.
What are the actual "provable" adjusted net earnings (cash flow) of a small to mid-sized business being purchased? Buyers need to look carefully at all financial info for the "real" adjusted net income/cash flow. Peter Siegel, MBA (BizBen ProBuy & ProSell Lead Facilitator) at 925-785-3118 explains.