Established Neighborhood Restaurant W/ Liquor License
Los Angeles, CA Los Angeles County
Request More Information Contact the Seller
- RE: Established Neighborhood Restaurant W/ Liquor License
- Contact: Ryan Clark
Quick Facts
| Asking Price: | $275,000 | |
| Annual Revenue: | $1,400,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $30,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2020 | |
| Employees: | 18 | |
| BBN Listing #: | 1018748 | |
| Broker Reference #: | PROBIX |
Business Overview:
This established Long Beach neighborhood restaurant with a bar, full-liquor, and outdoor patio is located in a bustling, historic area of the city. The well-appointed venue with a versatile floor plan features a covered patio, a 6 tap beer delivery system, and a walk-in cooler. The current concept is known for its welcoming ambiance and upscale gastropub atmosphere suited for everyday dining, happy hour, weekend brunch and private events.
Contact the Seller:
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.
Property Features and Assets:
This 2k square foot venue leases for $7k per month plus $900 in common area maintenance (CAM) expenses on a lease until 3/2030. All of the business’s furniture, fixtures, equipment and Type 47 Liquor License will be included in the sale. An estimated $10k in inventory will be sold at cost at close.
Market Competition and Expansion:
The business operates within a moderately competitive and well-established dining corridor surrounded by popular neighborhood restaurants, pubs and breweries. The venue is located in a popular location that housed a long-term customer embraced long time tenant – providing it’s a bit of an advantage as its known as a top quality food and drink destination.
The business presents new management meaningful growth opportunity given its historic popularity coupled with the vibrant, upscale neighborhood it’s located in. New operators can capitalize on the venue’s flexible build-out, entitlements, and prime location to implement any number of concepts.
Reason for Selling:
Personal. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
- View more California businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
Request More Information
