South Bay Area Restaurant & Bar w/Liquor & 2 Patios – Property Include

Manhattan Beach, CA (Los Angeles County)

South Bay Area Restaurant & Bar w/Liquor & 2 Patios – Property Include

Asking Price:$1,649,000

Cash Flow:$164,400

Gross Revenue:$976,407

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$1,350,000

Established:2002

South Bay Area Restaurant & Bar w/Liquor & 2 Patios – Property Include

Get Financing Save Print Share Valuation Report

Business Description

This South Bay restaurant and bar with liquor and two patios includes the very special real estate in the sale. The kitchen has a large hood and walk-in cooler. Restaurant equipment includes a dish-washing unit, ice machine, stacked convection ovens, a 2 bucket deep fryer, a grill, griddle and range top stove, and 2 large salad prep tables. The venue has a large walk-in wine room, a front patio and a large rear patio that may be sectioned off for private events.

Detailed Information

Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
20
Facilities:
This 2,500 square foot restaurant leases for $7,500 plus $1,200 in CAM (common area maintenance) expenses, however the property is also being offered in the sale. All of the business's furniture, fixtures, equipment and Type 47 Liquor License will be included, and inventory will be sold at cost at close.
Competition:
This business is located in a unique geographic location that not only provides it a somewhat built-in client base comprised of local residents, high discretionary income personnel who work in the area, but it is also a convenient destination for visitors.
Growth & Expansion:
As the current concept is successful, new management may prefer to maintain the turn-key operation as is or they may modify it to suite the buyer’s taste. The versatile location could be modified to suite fine dining, a bistro, a high-end casual concept or anything in between!
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal

Listing Statistics for Premium Members

Ad#:1310622 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

Show Phone Number

View My Listings


Sponsoring Broker:
Michael Wildeveld

Find out more...

Get more details about this business.


Similar Listings


Extreme Pizza

Franchise Opportunity
Capital Required: $214,200