Long Beach Restaurant w/Beer & Wine – Prime Location w/Patio!

Long Beach, CA (Los Angeles County)

Long Beach Restaurant w/Beer & Wine – Prime Location w/Patio!

Asking Price:$550,000

Cash Flow:$240,000

Gross Revenue:$1,177,507

EBITDA:N/A

FF&E:$20,000

Inventory:$2,000*

Established:2007

*not included in asking price.

Long Beach Restaurant w/Beer & Wine – Prime Location w/Patio!

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Business Description

This Long Beach restaurant with beer and wine occupies a prime location that boasts excellent visibility, a coveted large patio and an inviting wine bar. The established concept has been embraced by locals and visitors alike. The venue has a very warm and friendly ambiance that appropriately blends the indoor space with the patio seating, and reflects the venue’s cultural influences while complementing its menu. The kitchen has a large hood for its oven and stove, griddle, grill, deep fryer and specialty food preparation equipment. There is also an onsite manager’s office.

Detailed Information

Inventory:
Not included in asking price
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 1,660 square foot restaurant leases for $7,000 per month on a lease that expires in 2017 with two 5 year options. All of the business's furniture, fixtures, equipment and Type 41 Beer & Wine License will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close.
Competition:
Competition does exist in this popular dining area, but this restaurant has developed a loyal customer base that not only makes it a highly profitable operation, but also affords a stellar number of catering opportunities.
Growth & Expansion:
New operators will likely wish to maintain the current successful concept “as is” while focusing on expanding the business’s catering component as well as evaluating its beer and wine offering.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal

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Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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