RESTAURANT LEASEHOLD INTEREST · Web viewCALIFORNIA COMMERCIAL BROKERS, INC. RESTAURANT SPECIALISTS...

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CALIFORNIA COMMERCIAL BROKERS, INC. RESTAURANT SPECIALISTS CONFIDENTIAL : AVAILABLE, “READY TO GO” BISTRO RESTAURANT ****Pascal’s Bistro& Restaurant**** 31521 Rancho Viejo Road, Suite 101, San Juan Capistrano Excellent LOCATION: This bistro restaurant is located at entrance to the Ortega Ranch Business Park, on Rancho Viejo Road in San Juan Capistrano. It is an endcap space, right on the corner of a lighted intersection (Calle De La Rosa), and near the entrance to Marbella Country Club. This is a high income residential and office building area that creates a market for catering to both local residents and local office buildings. This is almost a captive market on the east side of the 5 Freeway for catering to such markets as Marbella Estates, The Hunt Club, etc., and J. Serra and St. Margret’s Private High Schools, plus the office parks / buildings on the east side of the 5 Freeway. CURRENT BUSINESS: The current bistro operation offers a “coffee house” environment, a French wine bar, and a French Deli. The Bistro also offers French pastries and breads and a good selection excellent French wines for purchase and off-premises consumption. The restaurant includes a private dining room that seats approximately 44 patrons. This layout is perfect for an upscale Fixed Price dinner program offered once or twice a week. There is a large catering opportunity that has not yet been developed . Annualized sales are approximately $900,000 , and increasing each year. The business is showing a strong positive cash flow based on both 2015 and 2016 financial statements. Financial Statements will be provided as a response to an acceptable Purchase Offer. DESCRIPTION: This restaurant has been open and operating for approximately 3 years under the current ownership. The restaurant is 3066 sf of interior space, with approximately 60 seats inside, plus an outside patio area that can easily seat an additional 12 to 16 patrons . The restaurant has a full kitchen, plus cold storage, and dry storage areas.

Transcript of RESTAURANT LEASEHOLD INTEREST · Web viewCALIFORNIA COMMERCIAL BROKERS, INC. RESTAURANT SPECIALISTS...

Page 1: RESTAURANT LEASEHOLD INTEREST · Web viewCALIFORNIA COMMERCIAL BROKERS, INC. RESTAURANT SPECIALISTS CONFIDENTIAL: AVAILABLE, “READY TO GO” BISTRO RESTAURANT ** ** Pascal’s Bistro

CALIFORNIA COMMERCIAL BROKERS, INC.RESTAURANT SPECIALISTS

CONFIDENTIAL: AVAILABLE, “READY TO GO” BISTRO RESTAURANT

****Pascal’s Bistro& Restaurant**** 31521 Rancho Viejo Road, Suite 101, San Juan CapistranoExcellent LOCATION: This bistro restaurant is located at entrance to the Ortega Ranch Business Park, on Rancho Viejo Road in San Juan Capistrano. It is an endcap space, right on the corner of a lighted intersection (Calle De La Rosa), and near the entrance to Marbella Country Club. This is a high income residential and office building area that creates a market for catering to both local residents and local office buildings. This is almost a captive market on the east side of the 5 Freeway for catering to such markets as Marbella Estates, The Hunt Club, etc., and J. Serra and St. Margret’s Private High Schools, plus the office parks / buildings on the east side of the 5 Freeway. CURRENT BUSINESS: The current bistro operation offers a “coffee house” environment, a French wine bar, and a French Deli. The Bistro also offers French pastries and breads and a good selection excellent French wines for purchase and off-premises consumption. The restaurant includes a private dining room that seats approximately 44 patrons. This layout is perfect for an upscale Fixed Price dinner program offered once or twice a week. There is a large catering opportunity that has not yet been developed. Annualized sales are approximately $900,000, and increasing each year. The business is showing a strong positive cash flow based on both 2015 and 2016 financial statements. Financial Statements will be provided as a response to an acceptable Purchase Offer.DESCRIPTION: This restaurant has been open and operating for approximately 3 years under the current ownership. The restaurant is 3066 sf of interior space, with approximately 60 seats inside, plus an outside patio area that can easily seat an additional 12 to 16 patrons. The restaurant has a full kitchen, plus cold storage, and dry storage areas. The interior is fully furnished in traditional French décor. The restaurant will be sold in “as is” condition, with all FF&E, and all utilities, in good working order.EXISTING LEASE: The existing lease expires 6/30/2019, with one five year option to extend the lease. The current rent is $7,137 per month, (with no percentage rent). This is a GROSS LEASE ($2.33/sf/month) with no extra NNN charges. 3% annual Rental escalations began 5/1/2016. The lease requires a personal guarantee. The landlord may consider extending the lease term for a qualified tenant/food service operator.PREFERRED BUYER TYPE: Upscale Destination Bistro / Restaurant operator that can take advantage of the size of this bistro & restaurant, and the trade area (very high income area), along with the office employment base within 3 miles. The desired restaurant buyer should be capable of doing annualized sales of $1MM in this restaurant space. Landlord may consider other types of upscale restaurant concepts.

Page 2: RESTAURANT LEASEHOLD INTEREST · Web viewCALIFORNIA COMMERCIAL BROKERS, INC. RESTAURANT SPECIALISTS CONFIDENTIAL: AVAILABLE, “READY TO GO” BISTRO RESTAURANT ** ** Pascal’s Bistro

PURCHASE PRICE: $189 ,000 for the leasehold interest, FF&E, and Type 41 Liquor License. The “package” being offered for sale includes: (1) the turn-key restaurant, (2) the Type 41 Liquor License, and (3) the leasehold interest, (does not include food or liquor inventories). There is a possible Consulting Services Contract with the Seller, Pascal Olhats, relating to the operation of the Bistro / Restaurant after the sale is completed,DEMOGRAPHICS: 3 & 5 Mile Demographics can be provided upon request.

Confidentiality is very important!! Please do not contact any employees within the restaurant!!!For further information, please contact:

Jack M. AndersonCALIFORNIA COMMERCIAL BROKERS, INC.

5100 Birch Street, Suite 100Newport Beach, CA 92660

Tel: 949.660.7711 [email protected]