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Two Location Cafes Sales In Two Thousand Nineteen For Sale

Irvine, California - South, US
Asking Price:
$129,000
Sales Revenue:
$500K - $1M
Cash Flow:
Available on request

These cafés are located in prestigious high rise multi building office developments. The first café is located in a financial plaza, which features two 7-story buildings and a third 2-story split building totaling over 270,000 square feet of premium workspace, located directly across the street from a popular Orange County mall. The second café is located in a large office development, consisting of over 1.6 million square feet of premium workspace, 5 towers, and the 500+ room hotel. This location was professionally designed and built by the landlord (who spent well over $1M on the buildout) and has a fully loaded kitchen which currently doubles as food prep for the first café and a catering facility for outside businesses.

The current owners are a very large SoCal catering company who lacks both the time and experience running this type of restaurant. Consequently, these prime locations underperform, which means lost opportunity. The cafes are 100% absentee run, the food and labor costs are way above industry average, and they do ZERO advertising or specials (even within the buildings). An experienced operator can start with nearly $1M in annual sales, make simple changes and quickly start generating serious profits!


The landlord is currently offering FREE RENT at both locations for qualified operators until the offices are occupied to pre-COVID levels. Only experienced Buyers with good credit and strong financials will be considered for this opportunity. The Seller strongly prefers to sell both locations as a package, but may consider selling locations individually to the right Buyer. These bistros occupy prime locations, with access to a dense population of customers with disposable income, and a great revenue base. What else can you ask for? Contact the Agent today for more details.

Property Information

Real Estate:

Lease

Lease Terms:

Irvine location - Rent schedule:$0-$39,999 Rent $0, $40,000-59,999 Rent 8% of total gross. $60,000 and above rent is 5% of the portion above $60,000 in addition to the previous schedule.
Newport Beach location - Lease term extensions and options will be considered by the Irvine Company based on each person's individual experience,credit and financial strength.

Business Operation

Reasons for selling:

Focusing on core cateringbusiness

Trading hours:

Irvine Location - Open: Mon, Tue, Wed, Thu, FriClosed: Sat, Sun
Hours: 7am - 4:30 pm
Newport Beach Location - Open: Mon, Tue, Wed, Thu, FriClosed: Sat, Sun
Hours: 7am - 4:00 pm

Employees:
15
Years established:
2011

Other Information

Business closed / Asset sale:
Yes

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