This restaurant is an excellent rebranding opportunity located in a prime lunch and dinner destination, surrounded by both small businesses and single-family homes. The center features popular brands like Chipotle, The Coffee Bean, and Baskin-Robbins to name a few. It’s anchored by a busy home improvement store, which is an excellent source of traffic from hungry shoppers and workers. In fact, this street is one of the busiest streets in OC, with 40,000+ cars passing daily. The owner spared no expense on the buildout, and the store is in pristine condition: an upgraded 18' hood, new AC units, a top of line grill, stovetop, and fryer, as well as a stainless-steel backsplash, and upgraded walk-in cooler/freezer.
The location is currently an Asian bowl franchise. Opened in March ’19, the owner is retired and had no prior experience in the food industry. Although he had a great start averaging $1,200/day, the owner has health issues and will be unable to finish the ramp-up phase: you can continue the business as is or bring in your own concept.
The location is idea for Chinese, Korean, Mediterranean, American, chicken or fish concepts! And although the rent is on the high side, the prime location and the low investment more than compensate for premium rent. The buildout is paid for, and the site has great potential based on the first year financials. But to reach its full potential, it needs an energetic new owner with the right concept that knows how to grow a restaurant and build on the Seller's foundation. Don't spend $350K - $500K on a buildout, only to start with zero revenue. This opportunity is in a fantastic location with a low entry cost. If you've been in the market for a fast-casual location, contact the Agent today!