Long Beach Restaurant in Popular High Traffic Loc.

Long Beach, CA
Los Angeles County


Asking Price: Annual Revenue:
$195,000 $314,024

Food & Beverage: Miscellaneous


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RE: Long Beach Restaurant in Popular High Traffic Loc. Broker: Ryan Clark

Quick Facts

Asking Price: $195,000
Annual Revenue: $314,024
Net Profit: Not Disclosed
Cash Flow: $89,544
Total Debt: Not Disclosed
FF&E: $30,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 10
BBN Listing #: 27374929
Broker Reference #: LongToast

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Business Overview:

This absentee-operated new Long Beach restaurant boasts a simple yet refreshing concept that is highly scalable located in a high profile location that draws foot-traffic from locals, visitors and tourists. The venue has a hood and has gained site approval to offer beer and wine sales, though they do not have the license.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

This 1,063 square foot outlet in what is arguably Long Beach’s most sought after location leases for $3,500 per month plus an additional $1,628 in common area maintenance (CAM) expenses on a new lease that expires in October 2025 with one 5 year option. All of the business’s furniture, fixtures, equipment and established goodwill will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

This business is located in a popular food-court style environment with several competing operators, all of whom compete for and cater to the same customer base – with proven concepts such as this one coming out ahead. As a result competition certainly exists however the enterprise’s early success provides a strong indication of its long term viability. New management will likely continue with the exact name and concept that has already proven successful. The business can benefit from a full-time working owner-operator to not only save on wage expenses but also to ensure stellar customer service, the highest possible average ticket sale, and to continue to build brand loyalty while bolstering the average ticket sale. Additional growth potential remains via the expansion of the brand and concept into other outlet, kiosk, food-truck or full-service bricks and mortar style venues. The location is reported to have been approved for beer and wine, which will invariably also bolter revenues.

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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