LOS ANGELES, California
| Asking Price |
$275,000 |
Year Established |
2020 |
|
| Annual Revenue |
$1,400,000 |
Reason for Selling |
Personal |
|
| Annual P/L |
$0 |
Attention |
Ryan Clark |
|
| Annual Cash Flow |
$0 |
Listing Number |
1018748 |
|
| # of Employees |
18 |
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
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.
Property Features and Assets:
<p>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.</p><p> </p>
Market Competition and Expansion:
<p>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.</p><p> </p><p>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. </p><p> </p><p> </p>
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity