This Long Beach Coastal bar and grill is located in the city’s most coveted hospitality and entertainment area. The relatedly 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 craft beer selection together with its lively, welcoming atmosphere and a menu crated to satisfy foodies and specialty cocktail lovers alike.
- Asking Price:
- $425,000 Inventory / Stock included
- Sales Revenue:
- $847,651
- Cash Flow:
- $220,010
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$103,913 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 $12k 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 $5k in inventory will be sold at cost at close in addition to purchase price.
- Size in square feet:
- 2,900
Business Operation
- Expansion Potential:
-
New operators will look to maintain the existing concept that has proven successful, or they may capitalize on the operator friendly layout, spacious kitchen and beer tap infrastructure to rebrand as a new location for an existing chain or to implement an entirely new concept.
- Competition / Market:
-
This bar and grill is located in the heart of one of Long Beach’s bustling culinary scenes. While many area eateries showcase Mexican or other cuisines with ethic flares, this one has mastered the tried-and-true classic customer favorites that are perfect to accompany beer and wine drinkers as well as cocktails drinkers and mixology afficionados. Given the space’s street visibility, outdoor patio, convenient access and 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:
- 11
- Years established:
- 2019
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20 hour per week or as negotiated
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller may consider a small secured note to facilitate an SBA loan for a qualified buyer based on their overall offer and experience, in order to facilitate an SBA or conventional loan
- Furniture / Fixtures value:
- $30,000
- Inventory / Stock value:
- $5,000 - included in the asking price
