Food Court Restaurant Asset Sale in a Prime Shopping Center
Asset Sale Description
This is an **Asset Sale** opportunity for a restaurant located in the food court of a large premium shopping center in Newport Beach.
This is not a sale of the existing brand or business. The new owner will acquire the existing restaurant facilities and equipment and have the opportunity to operate under their own business name, menu, and brand.
The location benefits from strong foot traffic from shoppers and customers in the surrounding area and is particularly well suited for a healthy food or fast-casual concept such as Poke. Other concepts such as salads, bowls, sandwiches, Asian food, desserts, and beverages may also be considered.
The current operating hours are from 10:00 AM to 8:00 PM, seven days a week. Because the restaurant is located inside the shopping center, the business is required to operate according to the shopping center's operating hours.
The monthly Base Rent is approximately $6,000, and CAM/NNN charges are approximately $6,000, for a total monthly occupancy cost of approximately $12,000. The rent increases by 3% annually.
The current lease runs through August 2028. The new buyer will need to negotiate new lease terms directly with the shopping center Management/Landlord and obtain their approval.
This is an **Asset Sale**, not a Business Sale involving the existing brand or revenue. Therefore, this opportunity is best suited for someone who wants to take advantage of an established restaurant space in a desirable location and introduce their own new concept, rather than acquiring the existing brand or its operating history.
This could be an especially good opportunity for a Poke restaurant or healthy Bowl Concept.
※ Any new menu, concept, business name, and lease terms are subject to final approval by the shopping center Management/Landlord.
This is not a sale of the existing brand or business. The new owner will acquire the existing restaurant facilities and equipment and have the opportunity to operate under their own business name, menu, and brand.
The location benefits from strong foot traffic from shoppers and customers in the surrounding area and is particularly well suited for a healthy food or fast-casual concept such as Poke. Other concepts such as salads, bowls, sandwiches, Asian food, desserts, and beverages may also be considered.
The current operating hours are from 10:00 AM to 8:00 PM, seven days a week. Because the restaurant is located inside the shopping center, the business is required to operate according to the shopping center's operating hours.
The monthly Base Rent is approximately $6,000, and CAM/NNN charges are approximately $6,000, for a total monthly occupancy cost of approximately $12,000. The rent increases by 3% annually.
The current lease runs through August 2028. The new buyer will need to negotiate new lease terms directly with the shopping center Management/Landlord and obtain their approval.
This is an **Asset Sale**, not a Business Sale involving the existing brand or revenue. Therefore, this opportunity is best suited for someone who wants to take advantage of an established restaurant space in a desirable location and introduce their own new concept, rather than acquiring the existing brand or its operating history.
This could be an especially good opportunity for a Poke restaurant or healthy Bowl Concept.
※ Any new menu, concept, business name, and lease terms are subject to final approval by the shopping center Management/Landlord.
About the Sale
- Seller Motivation
- Take a break
- Financing
- Full cash
Listing Info
- ID
- 2546021
- Listing Views
Listing ID: 2546021 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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