Business For Sale

Long Beach Restaurant & Bar w/Dance, Patio

Long Beach, CA
Los Angeles County


Asking Price: Annual Revenue:
$650,000 $1,000,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Long Beach Restaurant & Bar w/Dance, Patio Broker: Ryan Clark

Quick Facts

Asking Price: $650,000
Annual Revenue: $1,000,000
Net Profit: Not Disclosed
Cash Flow: $240,000
Total Debt: Not Disclosed
FF&E: $1,800,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 33
BBN Listing #: 79394929
Broker Reference #: LongFort

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Business Overview:

This popular Long Beach Restaurant with a bar, large outdoor patio, and dance / live entertainment entitlements that allows amplified music, boasts an extraordinary build-out and coveted location that truly set it apart. The spacious venue has a versatile layout that provides it unique character with a maximum amount of flexibility for special events or varied offerings. The venue showcases live entertainment five nights per week and serves authentic award winning cuisine.



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Property Features and Assets:

This 5,700 square foot restaurant plus unique 1,000 square foot patio with a dock that can accommodate a 50 foot vessel leases for $14,700 per month on a lease that expires in 2024 with 4-5 year options. All of the business's furniture, fixtures, equipment (with a few exceptions), Type 47 Liquor License and dance / entertainment permits will be included in the sale. Liquor will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While competition exists in the area, this venue’s astounding build-out with $1.8 million initially invested, its unique location, its 2 bars and its dance and live entertainment entitlements truly set it apart from other area venues and provide it a distinct long term competitive advantage. New operators may wish to continue to manage the business with its current concept that appeals to a varied audience, or they may prefer to capitalize on the unique location, versatile buildout with a large patio and its liquor, dance, live entertainment and amplified music entitlements to launch any number of food and entertainment driven concepts.

Reason for Selling:

Relocation

Additional Details:

  • The property is owned.
  • The owner is not 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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