Restaurant in OC with Evening Hour Operation - Business for Sale
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Korean Restaurant & Bar in South Orange County, CA
San Francisco County, CA, US
Added 1 month ago
Restaurant / Food & Beverage
Absentee / Semi-AbsenteeRetiring Owner
A Korean restaurant and bar with evening operations is located in a high-traffic shopping center in South Orange County, California, and includes a Type 41 ABC license and a permitted patio.
Key Information
Asking
$750K
Revenue
–
Earnings
$240K
Multiple
3.1x
Key Highlights
- Monthly gross sales are approximately $133,233.
- Monthly net income is approximately $20,000+.
- Premises size is 2,529 sq ft plus a 168 sq ft permitted patio.
- ABC License Type 41 (Beer & Wine) is included in the sale.
- Lease has 2.5 years remaining at the current location.
- Base rent is $11,852.58 per month with NNN charges of $4,576.62 per month.
- Payroll is approximately $25,000 per month.
- Staffing includes 4 full-time kitchen staff and 9 part-time front-of-house staff.
- Business is pre-qualified for SBA financing and eligible for 10% down payment.
Contact Info
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