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Businesses For Sale > Business For Sale in Long Beach, California (CA)
Quaint Long Beach Restaurant with Beer & Wine, Great Rent, & Unique Theme! for sale in Long Beach, CA
Long Beach, California (CA)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 59,000 |
$ 150,000 |
$ 35,000 |
Furniture and Fixtures Value:
(included in the asking price)
Inventory Value:
$ 2,000 (not included in the asking price)
Business Summary:
This themed fine dining restaurant is ideally located in between Downtown Long Beach and Belmont Heights, allowing it to draw patrons from both areas and beyond. The versatile facility has many options for growth, as its current owner only truly caters to the special event / special occasion weekend evening crowd. Ideally with an owner operator, this location could do very well with a concept that draws a breakfast, lunch and dinner crowd service neighborhood residents on a regular basis, while capitalizing on the beer and wine license. The facility seats fewer than 50 customers inside but could do very well with an open seating concept, or a walk-up / service bar concept such as a Urth Café / Coral Tree or Alcove style healthy eating, drinking (coffee, tea, blends and wine based cocktails) and meeting venue.
Please note that it is necessary for all prospective buyers to fill out a Non-Disclosure Agreement as well a Buyer Profile not only indicating ability to purchase, but also identifying where funding will come from. Requests for specific data without such will not be entertained, nor will responses such as Not Applicable, Bank Loan (without indicating % down), or Investors. This opportunity is not available for co-broker at this time.
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| Year
Business was Established: 1994 |
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| Number of Employees:
4 PT |
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| Facilities / Terms of Lease:
This quaint 1,000 square foot facility (plus two – three sidewalk tables) leases for an amazing for $2,200 per month on what the landlord has communicated will be a new 5 year lease commencing at the same rate, with annual cost of living increases, and options to be discussed. The sale includes a beer and wine license, seating for nearly 50, an efficient kitchen with a deep fryer, stove, grill, salad prep an additional prep tables, 3 door fridge, hood and owner parking. While the restaurant’s unique concept may transfer in the sale, the artwork is not included. All equipment is fully paid off. |
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| Potential
Growth/Expansion:
New owners may seek to continue to grow the existing concept or introduce an entirely new one that will likely seek to cater to a regular morning, daytime and evening client base (as 70% of this operation’s business is on Friday and Saturday night after 7:30 pm). |
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| Competition:
This area of Long Beach generally attracts the best of all worlds – local regulars with high discretionary income, diners celebrating special occasions (Valentines Day / Anniversaries), as well as business persons attending local conventions. This restaurant’s location and beer and wine license, and versatile build-out allow a new operator to introduce several concepts to the facility. |
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| Owner
willing to finance:
Not Offered |
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| Owner
willing to train:
2 wks at 20 hrs/wk |
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| Reason for selling:
Personal |
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Seller Reference Number: LBMadame
BusinessMart.com Listing Number: 52311 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Ryan Clark
The Veld Group
310-652-8353
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