What is the current gross revenue for this restaurant?
This is an asset sale. The space has been built out to accommodate and operate as an Italian restaurant.
How does the restaurant profit?
Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant?
Seller will finance up to $50,000. Terms to be discussed. If financing is needed you can review additional Financing Options Here.
What are my expenses and overhead for a restaurant business?
Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: royalties, payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and insurance.
What type of insurance do I need?
In most cases restaurant owners will need a minimum of the following insurance policies: business liability, worker’s compensation and business property insurance. Restaurants For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
Is the restaurant property owned or leased?
Currently the owner leases the property. Lease terms remain for 8 years. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located?
Located in Irvine, California. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale?
Current list of equipment includes: office equipment, POS systems, various table types and accompanying seating, outdoor furniture, ice machine, beverage station, sinks, hoods, drying racks, sound system, refrigerators, freezers, ovens, stovetops, mixers, pizza oven, deli cases, and much more.
What is the size and how many customers can this restaurant seat?
Restaurant is 5,500 sq. ft. and seats 60 inside and 50 outside.
Does this restaurant currently have a beer or liquor license?
Yes there is a beer and wine license and a “47 Liquor License” included with the cost of this sale.
Does this restaurant offer drive-thru or delivery service?
There is no drive-thru or delivery service offered.
How long has the seller owned the restaurant?
Current seller has owned this restaurant for less than 1 year.
Why is the owner selling?
Seller is pursuing other business opportunities.
What are the hours of operation?
This restaurant is operated from 11:00am to 2:00pm and 5:00pm to 9:30pm, Monday – Sunday.
What type of neighboring businesses are in the area?
Neighboring properties are a mix of various retail businesses and restaurants all located in a shopping plaza.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Opportunity to purchase a fully built out, operational restaurant in a great location. Includes all equipment. Plenty of opportunity to increase revenue. Priced at $350,000. Some seller financing is available. For additional information and to evaluate this business further For additional information and to evaluate this business further Contact Us About This Restaurant Here!