Long Beach Restaurant With Full Liquor & Great Rent For Sale

Business description

This quaint Long Beach / Belmont Shore Area restaurant with full liquor and favorable rent presents a working owner a well-established dining venue to operate with minimum monthly costs. The restaurant is a local favorite in this tight knit high discretionary income community that thrives off foot-traffic from nearby residents. It is not only known for its authentic dishes comprised of fresh, largely organic ingredients, but also for its thorough fine wine selection.

Property information

Real Estate:

Lease

Lease terms:

The 1,000 sq. ft. restaurant leases for a favorable $2,000 per month, with an additional lease for an adjacent 2 bedroom apartment with a patio for only $700 per month.

Location:

The 1,000 sq. ft. restaurant leases for a favorable $2,000 per month, with an additional lease for an adjacent 2 bedroom apartment with a patio for only $700 per month. The restaurant is on a 5 year lease (with 4 years remaining) with one 5 year option. The sale includes a liquor license, $8,000 in inventory (to be purchased at cost at close), seating for up to 60 patrons, and a full kitchen equipped with a grill, oven and 6 burner stove, dishwashing equipment and two restrooms.

Size in square feet:

1,000

Other information

Expansion potential:

While this restaurant is only open for dinner, its location lends itself to lunch 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.

Competition / Market:

There are a variety of fine dining restaurants in the Greater Belmont Shore, Belmont Heights and Naples Island Areas. This restaurant has a tried and true concept that has catered to local residents for years. Due to limited number of such venues in its immediate vicinity, this restaurant has a distinct competitive advantage as many of its patrons can simply walk to its from their homes.

Support & training:

2 wks at 20 hrs/wk

Reasons for selling:

Personal

Financing available:

Not Offered

Inventory / Stock value:

$8,000