IRVINE: HIGH-VOLUME RESTAURANT FOR SALE. $1.7M/YR SALES
Nestled in the beautiful, highly affluent suburbia of Irvine, California, this high-volume restaurant specializes in selling high-quality, upscale dishes in a casual setting. The luxurious ambiance of the restaurant demands the attention of anyone who sets foot inside. The build-out and interior design are absolutely exquisite with high-ceilings, natural light pouring in from all angles, beautiful light fixtures, uniquely designed water fountains, and an intriguingly creative wine display. It is located in a great Class A location with a large patio containing artistically designed fire pits.
The menu offers organic options, rare wines, handcrafted cocktails, mouth-watering entrees, and even vegetarian options. The recipes integrated in each dish are inspiringly innovative with a progressive American twist on each dish.
The surrounding neighborhoods and Irvine itself are densely populated with family homes that have a median household income of well over $100,000/yr. The communities, shopping centers, and roads are all pristine, consistently busy, and extremely safe (as Irvine is one of the safest cities to live in within America). With easy access to the 405 freeway and positioned right next to large residential communities, this restaurant has tremendous potential for local marketing. National anchor tenants include major banks, grocery stores and well-known franchises.
The restaurant offers great owner benefits for a seasoned restauranteur. It generates close to $2,000,000 in sales, is highly profitable, absentee-run, and possesses a valuable Type 47 liquor license. 25% of its sales are from alcohol. There is a loyal customer base in the surrounding area with families pouring through the doors for both lunch and dinner rushes.
The fully-equipped kitchen is just as beautiful as the front-of-house and has brand new equipment utilized by a skillful and experienced back-of-house restaurant staff and chef.
FACILITIES & OPERATIONS:
This restaurant’s elegant build-out and interior décor were put together by a well-seasoned architect in the industry. Equipment is new and the restaurant has a large footprint of 3680 square feet. There are 9 years left on the lease with a 5 year option. Rent is $17,000 per month.
CURRENT MANAGEMENT & LABOR:
The restaurant is currently absentee run. The owner is looking to retire and move out of the area. A seasoned chef also helps operate the restaurant along with experienced management team.
The kitchen is fully equipped with all new equipment.
The owner is open to financing, making it easy for experienced and qualified restaurant owners to turn this business into their own highly profitable pride of ownership restaurant.
Sales = $140k/mo.
Rent $ 17k/mo.
Labor (at industry standards of 30%) $ 50k/mo.
COG (at industry standards of 30%) $ 50k/mo.
Misc. (credit card/insurance/etc. 10%) $ 16k/mo.
NET (80% operating cost) 20% net profit $ 33k/mo. profit
Yearly net PROFORMA: $398k/yr
Please note: Due to the potential damage to the business, the owner requires the agent to pre-screen potential Buyers prior to releasing identifying information and will release information only to Buyers who are both financially qualified and have sufficient prior experience. Proof of funds required.
Food & Beverage Industry Related Sales & Leasing
2901 W. Coast Highway, Suite 200 Newport Beach, CA 92663
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