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Long Beach Restaurant, Bar With Dance & Patio
Location: United States -> California -> Southern California - Los Angeles Area -> Long Beach
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

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.

Asking Price $650,000

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.

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.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,000,000
Cash Flow:   $240,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,800,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

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

Photos

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Long Beach Restaurant, Bar With Dance & Patio Photo 1




Print Listing Id: 700285695
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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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