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WINGS & BEER IN BREA - Successful Restaurant Doing $240k+ NOI

Brea, CA

Seller Financing Available

listing image
Asking Price:$550,000
Rent:$14,456.88/Month
Established Year:2020
Gross Revenue:$1,404,504
FF&E:$109,000
Listing ID: 2273905Listing provided by BizBuySell
BUSINESS DESCRIPTION

Available now is an established Wings & Beer CORPORATE unit in the City of Brea. This location is not subject to royalty fees since it's a corporate store. Brand name and financials to be disclosed upon a signed NDA. Is there anything left to talk about? How about that we have over 20 wing flavors, beer on tap, Pepsi Spire machine, & unbelievable sides to pair with your meal. If that's not enough to get you to come and hangout with us then feel free to place your order online and your wings will be ready for you to pickup as soon as you arrive at Fire Wings! in 2023 the Gross Revenue was over $1,404, 500 with an NOI of $243,000. Numbers have been increases year by year. 7 months into 2024, Gross Revenue is over $729k with NOI of $140,153. 10 Year lease that commenced in 2020 plus Options. ***Full financials to be submitted upon a signed NDA.*** No Broker Co Op Fee Being Offered. ****THIS IS NOT A FRANCHISE****

DETAILED INFORMATION
Location
Brea, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,492
Lease Expiration
01/03/2030
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities and assets are in great condition.
Competition
There is general competition from other wing concepts but the unique recipes, flavors, the sleek industrial modern interior design, and overall vibe of this location is difficult to compare to. This brings our customers back consistently.
Growth & Expansion
Expansion opportunities with the Owner.
Support & Training
Full support and training will be offered to the buyer. Owner will also provide training.
Reason for Selling
Seller is starting a new business and will have to move.
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Eon Lew
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