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Restaurant With Beer & Wine
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $561008
Net Profit / Cash Flow $97600
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1999
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 2 weeks at 20 hours/week.
Reason for Sale Personal.
Description This well-established Long Beach restaurant with beer and wine occupies possibly one of the most prominent locations in the area. It is rare that you find a location of this quality combined with a below market lease rate. The versatile facility can thrive with a variety of concepts. Currently open for lunch and dinner only, this location could do very well with an offering that draws a breakfast crowd to serve neighborhood residents, local businesses and tourists. The restaurant is a local favorite in its vibrant, ever-evolving community. It thrives off foot-traffic but also draws from throughout the greater Long Beach, South Bay and North Orange County areas.
Asking Price $300,000.
This 2,500 sq. ft. restaurant leases for a favorable $3,800 monthly rate that is set to expire in 2016 with a five-year option. The sale includes a beer and wine license, ample indoor and outdoor seating and a full kitchen equipped with a grill, oven and 6 burner stove, dishwashing equipment and two restrooms
There are a variety of fine dining restaurants in the Greater Long Beach area; however, this facility's location makes it a prime choice in its immediate area.
While this restaurant is only open for lunch and dinner, its location lends itself to breakfast and weekend brunch service. New owners may also consider menu additions, implementing delivery service, and launching an advertising program targeting high discretionary income in the restaurant's immediate vicinity.
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