Orange County County

il Farro Coastal Italian Restaurant

Investment Summary

Available

Offered At: $350,000

(Business and Liquor License)

iL Farro is now closed. The purchase price includes the Type 47 liquor license, a beautiful space with all the FF&E included, and the iL Farro brand assets. Open back up as iL Farro or bring your own concept--no build-out required.

This offering presents a rare opportunity to acquire a long-established, full-service Italian restaurant in a prime coastal Orange County beach community, just steps from the sand and a popular public pier. The business combines a proven neighborhood following, robust tourist traffic, and a warm, European-style atmosphere that has anchored it as a local favorite for decades.

Location and setting

Situated in a high-foot-traffic pocket of a historic beach district, the restaurant sits near the intersection of a major coastal boulevard and a pedestrian-friendly side street leading directly to the ocean. The immediate area features year-round visitor activity, vacation rentals, and established bars and eateries, creating a built-in customer base from day one.

Concept and ambiance

The restaurant operates as a cozy, chef-driven Italian trattoria with a focus on fresh pastas, pizzas, seafood, and classic regional specialties, paired with wine and beer. Guests experience an intimate, old-world ambiance that lends itself to date nights, celebrations, and repeat neighborhood dining, rather than a transient tourist feel.

Longevity and brand strength

This is not a new concept; the business has been serving the community for many years under consistent ownership and vision, developing multi-generational goodwill and strong word-of-mouth. Its long operating history in a tightly supplied coastal trade area adds both intrinsic brand value and a barrier to entry for future competitors.

Operations and opportunity

The restaurant operates with a full kitchen, hood, and equipment package suitable for continued Italian service or a transition to another polished casual or upscale concept. A new owner can step into an established operation with systems, staff, and a loyal customer base already in place, while still having room to modernize marketing, expand catering, or enhance bar and beverage programming.

Ideal buyer

This opportunity is well-suited for experienced restaurateurs, chef-owners, seeking a coastal location with a proven track record and strong upside under refreshed energy and vision.

Investment Specifications

  • Address: 111 21st Place, Newport Beach, CA
  • State: CA
  • County: Orange County
  • Cuisine: Italian
  • Annual Sales: $1,456,478
  • Licenses: Type 47
  • Space Size: 1,980 sq ft
  • Parking: Ample Parking, Metered, Public Lot, Handicap Accessible, Paid Parking, Street Parking, Lot Parking, Free Parking
  • Hours: Monday-Wednesday: 3:00pm – 11:00pm Thursday-Sunday: 11:00Am – 11:00pm
  • Established: 1993
  • Liquor License: Yes
  • Outdoor Seating: Yes
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