Long Beach Fine Dining Restaurant W/liquor, Patio, Parking & Personality!
Long Beach, Los Angeles, California
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Asking Price |
$285,000
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| Office Listing # | LongRest |
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Revenue |
$528,292 / year
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Cash Flow |
$68,984 / year
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Lease Rent |
$3,500 / month
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Square Feet |
1400 |
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Listing Description |
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This fine dining establishment may very well be one of Long Beach’s number one special occasion restaurants. Established for 10+ years, and away from the congestion of Pine Avenue, this quaint American Style venue offers clients gourmet seafood, pasta and steaks with an amazing drink, dessert and wine ion. The facility comfortably seats 50 customers inside and nearly double on its patio. The location lends itself to a plethora of new concepts, so new owners may seek to continue to grow the existing business, introduce a new high-end restaurant with a service bar concept, or capitalize on the highly coveted patio and parking lot.
The 1,400 square foot facility (plus 1,200 sq. ft. patio) will lease for $3,500 per month on a five-year lease with a five-year option. All of the kitchen equipment, furniture, fixtures, point of sale system, liquor license, goodwill / intangible assets, etc. will be paid off (except the dishwasher, artwork and wine inventory) and will transfer in the sale. The facility has an ideal layout for efficient indoor and outdoor food service, has a managers’ office, and a wine, liquor and dry food storage area.
This area of Long Beach generally attracts the best of all worlds – local regulars with high discretionary incomes, diners celebrating special occasions (Valentines Day / Anniversaries, etc.), as well as business persons or tourists attending local conventions. This restaurant’s location, highly unique atmosphere, and consistent quality food and service offering separate it from its competition.
New owners may seek to continue to grow the existing proven concept, potentially add additional promotions, expand the menu, etc. or completely renovate the concept. The facility and location are versatile enough for new owners to introduce a new high-end restaurant with a service bar concept, or capitalize on the highly coveted patio and parking lot by implementing an Urth Café style healthy eating, drinking (coffee, tea, or even cocktail) and meeting venue. Alternately, one may seek to take the establishment in the opposite direction and create an ultra-chic, straight or alternative lifestyle friendly, high-end indoor / outdoor restaurant with service bar and patio.
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General Information
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Organization: |
Sole Proprietorship
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Year Established: |
1996 |
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Current Owners: |
1996 |
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# of Employees: |
2 FT 5 PT |
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Seating: |
100 |
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Square Feet: |
1400 |
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Parking: |
Contact For Info |
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License(s): |
47 Liquor License (Includ. in Sale) |
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Day & Hours Open: |
Contact For Info |
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Reason For Sale: |
Personal |
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Financial Information |
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Revenue: |
$528,292 / year |
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Cash Flow: |
$68,984 / year |
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Payroll: |
Contact For Info |
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Inventory: |
Contact For Info |
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FF & E: |
$60,000 |
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Lease Information |
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Lease: |
$3,500 / month |
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Expiration: |
7/01/2015 |
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Yearly Adjustment: |
Not Available
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Option: |
1 - 5 Yr Opt |
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Security Deposit: |
Not Available
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Financing Information: |
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Down Payment: |
Contact For Info |
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All Cash: |
Contact For Info |
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Note Balance: |
Contact For Info |
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Rate/Term of Note: |
Contact For Info |
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To access this webpage directly, use:
http://www.restaurants-for-sale.com/newsite/rro/listingview.asp?id=15654
Disclaimer
The information in this
listing has been provided by
the seller or broker stated
in the contact section of
the listing profile. As
such, Restaurants For Sale
Online, LLC has no claim in
the sale of this business
and has not independently
verified any of such
information and assumes no
responsibility for its
accuracy or completeness.
Read the
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before responding to any ad.
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