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Newport Beach, Orange County, California
Coffee And Sandwich Restaurant next to beach pier
Asking Price
$590,000
Revenue
$692,000
Down
$240,000
Cash Flow
$144,000
Name: Joey Kim
Phone: Show phone number
Name
Joey Kim
Phone
Show phone number
Description
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
Business Details
Year Established:
2019
Reason for sale:
For daughter's education
Support & Training:
2 weeks after closing of escrow.
Posting Information
Posting ID:
261025
Attributes:
Absentee Run
License (Liquor, etc.)
SBA Loan Pre-Qualified
Semi Absentee Run
Training And Support
Send NDA Request
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Posting Title
Coffee And Sandwich Restaurant next to beach pier
Posting ID
#261025
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