Business For Sale Listing 149871
Elegant Buffet Style Restaurant in Fountain Valley
Status as of Nov-19-2008 at 06:00 PM: Active
Business Summary
This is an elegant Buffet style restaurant location with a below market, 3 year lease. The location is very spacious – 5,300 sq. ft - with the lease rate at $1.57 including CAM charges (avg rate in this location is $3.50) located on a major boulevard in the city of Fountain Valley. The kitchen is outfitted with all state of the art kitchen equipment, stainless steel appliances with no expenses spared on the build out. There is also an existing liquor license - type 41 - that comes with this lease. The owner spent $850,000 on the build out of this location with beautiful flooring, wood paneling, and state of the art FF&E.
This location is best suited for “elegant buffet style” restaurant. It has 4 buffet bars. Has beer and wine license. Great for parties and catering. The restaurants seats 160 people and has a permitted capacity of 235 people.
The restaurant shut down as of August 15th. This is a great opportunity to negotiate the asking price and restart this place.
Categories
Industry
Location
Financials
| Sales: |
Between $500 Thousand And $1 Million (800,000) |
| Profits: |
Between $100 Thousand and $500 Thousand (150,000) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Less than $100 Thousand ($79,000) |
