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Profitable Restaurant with Unique Latin Concept, Excellent Reviews!

Long Beach, CA (Los Angeles County)

Profitable Restaurant with Unique Latin Concept, Excellent Reviews!
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Asking Price: $139,000

Cash Flow: $85,001

Gross Revenue: $523,200

EBITDA: N/A

FF&E: N/A

Inventory: $3,000*

Rent: $2,829 /Month

Established: 2014

*not included in asking price.

Profitable Restaurant with Unique Latin Concept, Excellent Reviews!

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Business Description

Low Rent, Very Busy Street, SBA Approved, Low Working Hours for Owner!

Chic and cozy restaurant with a unique latin concept in a great part of Long Beach! Well trained employees that can run restaurant without owner's presence, allows owner to work only part-time and travel when needed. Excellent online reviews, good books and records, very reasonable rent in a great shopping center with ample parking! Turnkey business for a lucky buyer. Selling due to out of state relocation. Includes beer and wine license. Outstanding value; priced at only 1.64 times Seller's Discretionary Earnings!!
Act quickly; Must See!

Detailed Information

Location:
Long Beach, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
860
Lease Expiration:
N/A
Employees:
6
Facilities:
860 sq ft plus patio Beautifully built out and in turnkey conditions Seats approximately 24 inside and 10 on the patio Ample shared parking in a very nice shopping center! Very reasonable rent!
Competition:
Restaurant business is competitive with various competitors in every city. This concept is unique, so it gives the owner an advantage. Buyer is advised that they are solely responsible to research all aspects of the business including market and competition.
Support & Training:
Seller will help train buyer to ensure a smooth transition. Employees are well trained and run the operation without the owner, since he works only part-time and travels out of state periodically. This makes it easier to transition to a buyer!
Reason for Selling:
Relocating out of state and involved in other business ventures
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Vinil Ramchandran

Business Listed By:
Vinil Ramchandran

Dream Business Brokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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