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#2050
Los Angeles Restaurants For Sale

Fantastic Pine Avenue Location in Long Beach - Fully Equipped With Low Rent

$35,000
Fantastic Pine Avenue Location in Long Beach - Fully Equipped With Low Rent
This Listing is Expired
SellingRestaurants presents this superb fully equipped restaurant on the "Renowned" Pine Avenue in Long Beach, CA. If you have been looking to purchase a restaurant in a Prime location for your food concept, then this is a must see. Plus there is available Seller Financing making this even more affordable to get into. Seller may provide financing if buyer is qualified and terms are acceptable.

This restaurant is currently fully operational 5 days a week. It is fully equipped with 2 hood systems, a combo walk-in cooler/freezer, 1 (4) burner range with oven, 2 deep fryers, 1 charbroiler, 2 (40) pound burners, plus much more equipment and furniture. With all of this equipment and the high traffic flow to the area, this restaurant location is ideal for many types of food concepts. The restaurant offers indoor and outdoor patio seating. There is plenty of public parking in the immediate area.

All equipment and furniture has been well maintained and nearly all the equipment is just a few years old. The restaurant is 2 spaces which make up 1,120 square feet. Base rent is only $2,205. That's under $2 a square foot to be on Pine Avenue!

Pine Avenue, located in Downtown Long Beach is one of the Premier Areas in the L.A - South Bay. Downtown Long Beach is one of Southern California's most unique waterfront urban destinations to live, work, and play. Long Beach is California's fifth largest city.

One of the Biggest events in Downtown Long Beach is just around the corner. Hosted annually in April, the nationally televised Toyota Grand Prix is the home to one of the largest legal street racing competitions on the West Coast. This 4 day event draws annually an estimated 200,000+ attendees which is huge publicity for all business owners on Pine Avenue and Downtown. Pine Avenue is closed to cars and only open for walking traffic for most of the 4 day event. This event is launched on Pine Avenue, which provides you with a huge crowd to promote your restaurant. Plus don't forget that Pine Avenue hosts approximately 12 events annually. In all Pine Avenue is the Premier location in the SouthBay for major events throughout each year.

Pine Avenue is the most concentrated area for hot spots to spend an afternoon and stay into the late evening. Pine Avenue is well known for the many restaurants, bars, retail, and night clubs all located near The Pike, Pine Ave Pier, Shoreline Village, Long Beach Convention Center, Long Beach World Trade Center, The Queen Mary, one of the country's largest aquariums, and plenty more. Not to mention the many luxury high rise condominiums which have been popping up on and next to Pine Avenue and all throughout the Downtown area.

Pine Avenue hosts many events throughout the year which brings thousands of people to the Avenue which is great for all of the business owners. All of these attractions make Pine Avenue and Downtown Long Beach one of the busiest areas in the South Bay.

Take the next step and click the orange button below to get the name and location.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
expires November 1, 2011 plus (1) 5 yr. option
Total Monthly Rent:
$2,683
Security Deposit:
$3,000

Operations

Hours Open:
Monday-Friday: 11a-3pm
Hood System Type 1:
Yes

Facilities

Indoor Seating:
27
Outdoor Seating:
16
Inside Sq. Ft.:
1,120
Outside Sq. Ft.:
100

Highlights

  • Fantastic Location on Pine Avenue. Base Rent Under $2 per Sq.Ft.
  • SELLER FINANCING AVAILABLE
  • Long Beach is the 5th largest city in California
  • Mostly all Furniture, Fixtures, and Equipment are just a few years old
  • Restaurant and Equipment are Well Maintained
  • Pine Avenue hosts many events
  • People walk Pine Avenue for the great retail shops, restaurants, bars, and clubs which offer a great Nightlife
  • Fully Equipped Restaurant that is Operating 5 days a week
  • Visit the Restaurant Today!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
Yes

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 43,286 106,510 409,561
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 19,853 36,280 139,012
2010 Persons Per Household 1.93 2.64 2.78
Median House Value $274,300 $284,200 $400,122
Income Per Household $43,404 $37,937 $48,453
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,164 1,965 7,289
2012 Number Of Employees 72,118 95,690 264,970
2012 Total Annual Payroll $2,278,922,000 $2,821,488,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.

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