Posting Details

Southern Seafood Restaurant, Spirits - High Volume For Sale - Orange County

Located in one of the most sought after locations in Orange county, this ICONIC upscale food court is well recognized by locals and tourists alike. Within this fabulous center is our HIGH VOLUME southern comfort seafood cuisine AND bar with a FULL liquor license. This restaurant is famous for its mouthwatering super rich and creamy seafood drenched tomato base pan roast along with all the New Orleans' favorites like gumbo and etouffee and of course, beignets with chocolate dipping sauce. Served in a fast casual format with open bar and open kitchen, customers enjoy watching food prepared in front of them, making this an eating experience to be remembered!

It gets better..it also has a catering permit allowing alcohol service off site ..EXCELLENT for catered events like weddings, anniversaries, birthday parties ..you name it!

Established for over 4 years and has a loyal, regular customer base. Additionally, it has over 900 Yelp reviews at 4 out of 5 stars, making this a popular place for all.

Business is ABSENTEE run sales were OVER $1.4M in 2016 but owners have other high income businesses which keeps them away from operating this business. New owner can brings sales back up with close management.

FACILITIES & OPERATIONS:
Long lease: 5 years left with two 5 years options. This restaurant has 880 square feet with 150 patio, making it easy to operate. Small footprint means less labor. Additionally, food court pays for water, gas and pest control.

CURRENT MANAGEMENT & LABOR:
Restaurant is absentee run. This is established for over 4 years now.
The staff is highly trained.

FINANCIAL SUMMARY:

2018 Sales at $972k Sales average of $81k/mos. and rent at $10,400/mos.

*** Sales in 2016 over $1.4M. Needs strong owner operator. Currently absentee run.

PROFORMA ANALYSIS

Sales $81k/mos
Rent: $10,400
Labor: $ 24,300 (industry standard 30%)
COG: $ 24,300 (industry standards 30%)
Misc.: $ 8,100 (10% for credit cards, utilities, repairs)

Net income $13,900/month or $166,800/year if ran at industry standards.
The listing # 250715 Southern Seafood Restaurant, Spirits - High Volume - Orange County below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Southern Seafood Restaurant, Spirits - High Volume in Orange County please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.

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