Exceptional Rare Full Liquor Restaurant in Riviera Village

Redondo Beach, CA (Los Angeles County)

Lively bar scene

Asking Price:$725,000

Cash Flow:N/A

Gross Revenue:$1,450,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:1996

Exceptional Rare Full Liquor Restaurant in Riviera Village

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Business Description

This is a very rare opportunity to purchase a successful chef-driven restaurant with a full liquor license in the highly popular Riviera Village of Redondo Beach. The sellers are shifting their focus to a fast casual concept that they hope to expand rapidly through Southern California. This is a must see opportunity.

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Detailed Information

Employees:
15
Facilities:
This is an extraordinary opportunity to lock in a lease rate significantly below market value. The space has a downstairs dining room, bar and kitchen and an upstairs banquet room and office. This beautiful building has a total of 4,200 sq ft. It can be made into an open-air concept downstairs with seating for up to 90 with patio dining on part of the sidewalk and in the street. The large banquet room seats up to 80. This is an extremely rare opportunity to get a full liquor license in the very popular Riviera Village in south Redondo Beach.
Competition:
The number of dining locations that are chef-driven in the Riviera Village is very limited, especially with a full liquor license. This business has been successful every year for close to 20 years.
Growth & Expansion:
The addition of an outdoor patio will help grow revenues. Updated and well run concepts in this area generate over $1,000 per sq ft of annual revenues. This location should be able to generate well over $2 M in gross revenues.
Support & Training:
Training and support can be provided for up to a week following the close of escrow.
Reason for Selling:
Rapid expansion of another concept to multiple locations

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Tony Cordi

Business Listed By:
Tony Cordi

The Innate Group

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