Long Beach / San Pedro Area Restaurant w/Patio!

San Pedro, CA
Los Angeles County


Asking Price: Annual Revenue:
$193,000 $643,433

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Long Beach / San Pedro Area Restaurant w/Patio! Broker: Ryan Clark

Quick Facts

Asking Price: $193,000
Annual Revenue: $643,433
Net Profit: Not Disclosed
Cash Flow: $26,194
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1984
Employees: 15
BBN Listing #: 45394929
Broker Reference #: HakRest

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Business Overview:

This venue is one of those well-established neighborhood favorites that locals have been going to since 1984. It operates seven days per week, from 7 am to 2 am. The restaurant offers a compressive selection of customer favorites in a comfortable and cozy neighborhood atmosphere. The kitchen has a full line including a large griddle and stove with 2 accompanying ovens, a warmer, 2 salad prep tables, a stand-up fridge and freezer, along with other equipment.

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Property Features and Assets:

The 1,200 square foot facility plus sidewalk patio leases for $3,100 per month including triple net (NNN) expenses on a lease until 3/31/23 with options to be determined. All of the business’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close in addition to asking price.

Market Competition and Expansion:

While competition invariably exists in this matured area, this venue is a well-established neighborhood favorite with decades of accumulated goodwill. As such, industry entrants would be hard repressed to present a sizeable immediate threat. New operators will likely want to continue to operate the venue ‘as is’, but make improvements to staffing and food costs, and potential revisit the restaurant’s pricing and overall menu. The site could greatly benefit from a full-time owner operator familiar with the hospitality industry.

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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