Long Beach Poke Restaurant – Absentee Operated!

Long Beach, CA
Los Angeles County


Asking Price: Annual Revenue:
$149,000 $557,371

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Long Beach Poke Restaurant – Absentee Operated! Broker: Ryan Clark

Quick Facts

Asking Price: $149,000
Annual Revenue: $557,371
Net Profit: Not Disclosed
Cash Flow: $80,036
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 16
BBN Listing #: 65074929
Broker Reference #: LongPok

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Business Overview:

This absentee operated Long Beach poke restaurant is a profitable operation with a proven business model. The venue’s concept is ultra-simple as it does not require additional branding, is not associated with any particular ethnic food category and does not require a hood. The venue is part of a larger network so marketing, advertising and best practices are built-into the concept to ensure it continues to thrive.

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Property Features and Assets:

This 1,200 square foot location leases for $3,600 per month including common area maintenance (CAM) expense on a 10 year lease with coverage until 2026 and one 5 year option. All of the business’s furniture, fixtures, equipment, name, branding, menus, etc. will be included and will transfer in the sale. An estimated $3,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While competition exists in the area, this location and its concept are tried and true. The venue has operated for several years and continues to proper from its loyal recurring customer base. The concept is 100% absentee-operated, but could tremendously benefit from a full-time working owner-operator. This would not only minimize wages, but it would also help to ensure top quality customer service and the highest average ticket sale.

Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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