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Cafe With Quaint Patio, Beer, & Wine
Location: United States -> California -> Southern California - Los Angeles Area -> Long Beach
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This Long Beach cafe with a quaint, yet spacious patio and a coveted beer and wine license, boasts ideal low rent in an attractive location near the beach! The well-established cafe has a loyal local customer base and has done as much as $800,000 in revenues in recent years.

The efficient kitchen has two hoods that house 2 combination stove and ovens, a griddle, grill, two 2 bucket deep fryers, pizza oven, convection oven, and a large combination walk-in cooler and freezer, in addition to a single door freezer, a double door refrigerator, dishwasher and a three bucket sink.
Asking Price $225,000

This 1,100 square foot cafe plus patio leases for an amazing $1,825 per month on a lease with 3 years remaining and one 5 year option. All of the business's furniture, fixtures, equipment and Type 41 Beer and Wine License will be included in the sale. Approximately $2,000 in inventory will be sold at cost at close.

While competition does exist in the popular Belmont Shore, Belmont Heights as well as the downtown areas of Long Beach, this cafe's unique location sets it somewhat apart from the rest ? which makes it a local neighborhood favorite and somewhat insulates from having to compete with the plethora of venues in the areas with higher restaurant densities. What's more, few competitors could provide their client the type of genuine and authentic down-home atmosphere that this venue provides!

New operators may wish to maintain the current concept with potentially slight menu and cost adjustments, or capitalize on the location's stellar lease rate, 40 plus person patio and beer and wine license to launch their own concept. The location could be ideal for a daytime bakery and coffee and pastry concept, or for a German beer garden, a Mexican cantina, a tapas and craft beer house, a sushi restaurant or izakaya, or any number of options.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $650,000
Cash Flow:   $40,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2008
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  2 weeks at 20 hrs/wk
Reason For Selling:  Personal




Print Listing Id: 700273920
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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