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For Sale: 2 Restaurants And Bars - Catering, Event Center - South Orange County


Current Status: Active     Posting #: 259370     Last Refreshed: 5/22/20    
Contact: Tony Decuollo At 949-476-2220 , 949-212-4822 Cell  -  Also Email This Contact Below
Price:  $1,700,000     Down:  $500,000     Adjusted Net:  $620,000     Revenue:  $5,479,740    
Attributes:  Semi-Absentee Run, Training & Support, Asset Sale     Cooperation With Brokers?  Yes

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For Best Results & Response, Email & Phone This Contact: Tony Decuollo at 949-476-2220 and 949-212-4822 Cell.

  Description About This Posting: 2 Restaurants And Bars - Catering, Event Center
Two Restaurants with 47 ABC licenses and Patios plus a Catering business and Event Center are now for Sale. The businesses are located in South Orange County in excellent locations surrounded by other retail business, homes and apartments. Both Restaurants including the Catering business and Event Center are fully staffed with managers and employees. The fixtures, equipment and improvements and in very good condition and maintained by the owner. Both of the Restaurants serve American food. One of the Restaurants serving American food has a separate kitchen and office for the Catering and Event Center. The Restaurant, Catering and Event center are located next to each other in the same building. The other Restaurant serving American food is located in an adjacent city 8.5 miles from the other two Restaurants.

Restaurant and Bar #1 serving American food with the Catering business, Catering kitchen, office and Event Center.

Sales: $3,261,750 per year

Premises size: Restaurant 2,720 sq. ft. plus 800 sq. ft. Patio
Catering Kitchen and office 1,100 sq. ft.
Event Center 3900 sq. ft. plus 1,600 sq ft Patio.
Total size: 7,720 sq. ft. plus 2,400 sq. ft. Patios.

Seating; 83 in the Restaurant plus 32 on the Patio
229 in the Event Center plus 100 on the Patio

Rent: $15,300 per month including NNN charges for the Restaurant and Patio, Catering kitchen and office. Rent for the Event Center is a percentage of the sales at the Event Center.

Term of Lease: 8 years plus one 5 year option to renew the lease.
Hours of Operation: Monday thru Thursday 11am to 9pm
Friday 11am to 10pm
Saturday 10am to 10pm
Sunday 10am to 9pm

Restaurant and Bar #2 serving American food 8.5 miles from #1

Sales: $2,217,990 per year
Premises size: 3,844 sq. ft. plus 1,800 sq. ft. Patio
Seating: 110 in the Restaurant plus 60 on the Patio
Rent: $15,200 per month including NNN charges
Term of Lease: 10 years plus one 5 year option to renew the lease
Rent increases: 2.5% per year.
47 ABC On Sale General license included in the sale
Hours of Operation: Monday thru Thursday 11am to 9:30pm
Friday 11am to 10pm
Saturday 10:30am to 10pm
Sunday 10:30am to 9pm

This information has been secured from sources we believe to be reliable, but we make no representations, expressed or implied, as to the accuracy of the information. All references to income, expenses, age, square footage are approximate. Buyer must verify the information, conduct their own due diligence and bear all risk for any inaccuracies.

To get more information about this 2 Restaurants And Bars - Catering, Event Center business for sale in South Orange County please phone Tony Decuollo (Broker) at 949-476-2220 and 949-212-4822 Cell - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #259370 on BizBen.com. In addition to phoning Tony Decuollo, make sure you email Tony Decuollo above to get more info about this 2 Restaurants And Bars - Catering, Event Center, to ask any questions or request an appointment to see this business for sale. Thank you.

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