Reasons to Invest in Smart Kitchens 2.0 (Irvine Spectrum Location)
● According to estimates, ghost kitchens could create a $1 trillion global opportunity by 2030. Many large national and international restaurants are also getting into the mix!
● Own shares of Smart Kitchens 2.0.
● Property address: 23072 Lake Center Drive (less than 1 mile from the Irvine spectrum).
● Purchased the building April 2022 for $4,150,000; Incredible price per sq. ft. of only $170 (after phase 2 is complete).
● The building is currently utilized as an office building and generates a $34,000 per month rent roll.
● Smart Kitchens has invested over 1.2M dollars on Smart Kitchens 2.0 (Irvine Spectrum) location.
● Over 2 years of R&D has been invested on plans and permitting to convert the office building into a mixed use facility.
● Location, Location Location... Interstate I-5 offers an easy on and off access, enhancing delivery and customer pick up times.
● 7 hotels within a 1-2 block radius with a 70%+ occupancy level. That's over 1,000 hungry visitors per day. We will create a white labeled room service menu for hotels without restaurants adding value to their hotel and for their guests while at the same time increasing our restaurant tenants' food sales.
● Phase 1 (APPROVED) READY TO BUILD
The Use Permit has been approved by the city for our build out of 16 kitchens upstairs.
- A dumbwaiter delivers food to the delivery drivers below.
- Health Department and City plans have been approved.
- Structural approval of 80 PSF approved.
● Phase 2
- Buildout 7 additional Kitchens in the garage (we lose 7 parking spaces) but on the flip side gain 3000 sq. ft. of usable and rentable sq. ft. increasing the value of the building.
● Phase 3
- Exterior and Interior Redesign.
- Convert remaining office into mixed use retail.
- Once completed will be an Epic Event Center and Food Hall.
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