This Belmont Shore bar and grill is located in a highly visible prime location in Long Beach’s most coveted hospitality and entertainment area. The relatively new gastropub boasts fantastic street visibility, outdoor patio and a highly flexible build-out that may be adapted to any number of bar and food driven concepts. The venue is known for its extraordinary liquor and craft beer selection together with its lively, welcoming atmosphere and a menu crafted to satisfy foodies and specialty cocktail lovers alike. The seller may consider a small secured seller carry for 3 years.
- Asking Price:
- $275,000 Furniture / Fixtures included
- Sales Revenue:
- $772,773
- Cash Flow:
- On request
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$130,051 per annum
- Premises Details:
-
This 2,900 square foot venue, with an outdoor patio is ideally located with stellar street visibility and foot traffic, leases for $11,680 per month including triple net expenses on a lease until April 2029 with one 5-year option. All of the business’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included in the sale. An estimated $5-50k in inventory will be sold at cost at close.
- Size in square feet:
- 2,900
Business Operation
- Expansion Potential:
-
New operators will look to maintain the existing concept, or they may capitalize on the operator friendly layout, spacious kitchen, beer tap infrastructure and entertainment entitlements, to rebrand as a new location for an existing chain or to implement an entirely new concept.
- Competition / Market:
-
This gastropub with Karaoke is located in the heart of one of Long Beach’s bustling culinary scenes. While many area eateries showcase cuisines with ethic flares, this one has mastered the tried-and-true classic customer favorites that are perfect to accompany liquor, beer and wine enthusiasts as well as mixology afficionados. Given the space’s street visibility, outdoor patio, convenient access, flexible layout, spacious kitchen with a walk-in cooler, and new ultra-modern beer tap system this opportunity provides its operator several sustainable competitive advantages.
- Reasons for selling:
-
Personal
- Employees:
- 8
- Years established:
- 2024
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20 hours per week or as negotiated
- Financing available:
-
The seller may consider a $50k seller carry for 3 years.
- Furniture / Fixtures value:
- $40,000 - included in the asking price
- Inventory / Stock value:
- $5,000
