The Long Beach venue is ideally located in a heavy food traffic location with high visibility and a tremendous amount of potential to do a significant volume of business. The venue with a 60 person occupancy boasts a prominent corner location and outdoor patio. The venue has diner style bar seating, a full dining room and patio seating. Its kitchen has 2 stoves and range, grill, griddle, 2 bucket deep fryer, salad preparation area and walk-in cooler.
- Asking Price:
- $150,000 Furniture / Fixtures included
- Sales Revenue:
- $12,000
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$197,988 per annum
- Premises Details:
-
This 2,166 square foot outlet in what is arguably Long Beach’s most sought after new food service location leases for $17k per month including common area maintenance (CAM) expenses on a lease until 9/1/2024 with one 5 year option. Though it is not anticipated that the concept with transfer, all of the business’s furniture, fixtures, equipment and Type 47 liquor license will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.
- Size in square feet:
- 2,166
Business Operation
- Expansion Potential:
-
New management will likely wish to capitalize on the location to launch a new concept or expand an existing one to this popular high visibility location. The existing concept, which is not anticipated to transfer in the sale, has the ability to serve liquor, which may prove ideal for a new operator. The business can benefit from a full-time working owner-operator to not only save on wage expenses but also to ensure stellar customer service, the highest possible average ticket sale, and to continue to build brand loyalty while bolstering the average ticket sale.
- Competition / Market:
-
This business is located in a high-profile location that draws foot-traffic from locals, visitors and tourists. As such, a solid concept will have the platform to attract foot traffic to help to build a new brand or to capitalize on an established concept’s existing brand awareness, which provides the operator a unique competitive advantage.
- Reasons for selling:
-
Personal
- Employees:
- 11
- Years established:
- 2020
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 carry based on their overall offer and experience in order to facilitate an SBA or other loan.
- Furniture / Fixtures value:
- $30,000 - included in the asking price
- Inventory / Stock value:
- $5,000
