Fine Dining Restaurant With Liquor, Patio & Parking
Location:
United States
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California
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Southern California - All Southern California
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Long Beach
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
This fine dining establishment may very well be Long Beach's number one special occasion restaurant. Established for 10+ years, and away from the congestion of Pine Avenue, this quaint American Style venue offers clients gourmet seafood, pasta and steaks, with an amazing drink, dessert and wine selection. The facility comfortably seats 60 customers inside and nearly 100 customers on its patio. The location lends itself to a plethora of new concepts, so new owners may seek to continue to grow the existing business, introduce a new high end restaurant with a service bar concept. The Seller will consider all reasonable offers.
The 1,400 square foot facility (plus 1,200 sq. ft. patio) will likely lease for $3,000 per month on a negotiable long term lease. All of the kitchen equipment, furniture, fixtures, Point of Sale system, liquor license, goodwill / intangible assets, etc. will be paid off (except the dishwasher) and will transfer in the sale.
This area of Long Beach generally attracts the best of all worlds - local regulars with high discretionary income, diners celebrating a special occasion (Valentines Day / Anniversaries), as well as business persons attending local conventions. This restaurant's location, highly unique atmosphere, and consistent quality food and service offering separate it from its competition.
The facility and location are versatile enough that new owners may seek to continue to grow the existing business, introduce a new high end restaurant with a service bar concept, or capitalize on the highly coveted patio and parking lot by implementing an Urth Cafe style healthy eating, drinking etc, and meeting venue. Alternately, take the establishment in the opposite direction and create an ultra-chic, straight or alternative lifestyle friendly, high-end indoor / outdoor restaurant with service bar and patio. Contact for more information on this Fine Dining Restaurant for sale.
Asking $475,000.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$700,000
Cash Flow:
$75,000
Cash Flow Type: EBITDA
Inventory: $80,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1995
Number of Employees: 10 - 19
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: 2 weeks / 20 hours.
Reason For Selling: Personal.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70064451
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