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- RE: Long Beach Coastal Bar & Grill – Ideal Visibility
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $495,000 | |
| Annual Revenue: | $847,651 | |
| Net Profit: | $119,798 | |
| Cash Flow: | $220,010 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2019 | |
| Employees: | 11 | |
| BBN Listing #: | 935050 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
This Long Beach Coastal bar and grill is located in the city’s most coveted hospitality and entertainment area. The relatedly new gastropub boasts fantastic street visibility, outdoor patio and a highly flexible build-out that may be adapted to any number of bar and food driven concepts. The venue is known for its extraordinary craft beer selection together with its lively, welcoming atmosphere and a menu crated to satisfy foodies and specialty cocktail lovers alike.
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Property Features and Assets:
This 2,900 square foot venue, with an outdoor patio is ideally located with stellar street visibility and foot traffic, leases for $12,000 per month including triple net expenses on a lease until April 2029 with one 5-year option. All of the business’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close in addition to purchase price.
Market Competition and Expansion:
This bar and grill is located in the heart of one of Long Beach’s bustling culinary scenes. While many area eateries showcase Mexican or other cuisines with ethic flares, this one has mastered the tried-and-true classic customer favorites that are perfect to accompany beer and wine drinkers as well as cocktails drinkers and mixology afficionados. Given the space’s street visibility, outdoor patio, convenient access and flexible layout, spacious kitchen with a walk-in cooler, and new ultra-modern beer tap system, this opportunity provides its operator several sustainable competitive advantages.
Reason for Selling:
Personal
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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