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#5309
Long Beach Restaurants For Sale
Los Angeles Restaurants For Sale

High Volume - Beer & Wine - Cool Decor - Steal it Price!

$150,000
High Volume - Beer & Wine - Cool Decor - Steal it Price!
This Listing is Expired

While this is being listed and sold as an asset sale, the name, trademark, website, recipes and other branded items related to the business "may" be available at time of offer/sale. This is an excellent opportunity to avoid the hassles of permitting and build-out as well as losing money and experiencing cash flow issues while you are trying to build customers and volume. All of that has been done for you.

With sales verifiable at $900k+ per year, there is already a very established base to build on. There is ALWAYS a wait on the weekends for breakfast/brunch and more efficient seating could decrease wait times and substantially increase tables turns, sales and profit. In addition, there are two large office buildings across the street providing an opportunity to develop a lunch delivery business.

The dining room is warm and inviting and is tastefully done with reclaimed wood, booths, tables and a counter seating area also doubling as a bar. It could easily be a gastro-pub. There is a 20' hood with versatile equipment capable of producing most any menu or type of food. Line equipment includes: char-broiler, flat griddle. 2 double basket fryers, double convection oven, 6 burner stove with oven, 2 burners and a salamander/cheese melter.

There is a type 41 beer & wine license that is definitely being under utilized.

The 1500 sq feet is very manageable yet has the capability of producing serious sales and profit. While no books will be provided, sales are verifiable at $900,000 and with rent at $64,400 or 7.2% of gross sales, if you were to run your  prime costs of 60% for food and labor this could quickly turn into a cash cow and you could possibly pay back your investment in less than 1 year.

Partnership dispute forces sale and their loss is your gain.

Additional Points:

Turnkey - be up and running the day escrow closes.

Interior could easily be a tap room or gastro-pub.

Nearly 1000 Yelp, Trip-Advisor and Face-Book reviews averaging more than 4.5 out of 5 stars.

Currently serving breakfast, lunch & dinner 7 days a week.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Long Beach Restaurants For Sale
Los Angeles Restaurants For Sale
Lease Term:
New Lease
Total Monthly Rent:
$5,370
Security Deposit:
$5,000

Financials

Last Year's Annual Gross:
$900,000

Operations

Liquor License:
41
# of Full-Time Employees:
5
# of Part-Time Employees:
17
# of Working Owners:
1
Hours Open:
Monday - Thursday 8AM–9PM
Friday - 8AM–9:30PM
Saturday - 7AM–9:30PM
Sunday - 7AM–9PM
Year Established:
2015
Hood System Type 1:
Yes

Facilities

Indoor Seating:
44
Outdoor Seating:
12
# of Parking Spots:
Shared Lot
Inside Sq. Ft.:
1,500
Outside Sq. Ft.:
300

Highlights

  • HUGE upside potential
  • Hip, casual and quaint interior and decor
  • Easy Gastro-Pub or tap room conversion
  • Beer & Wine License
  • Pride of ownership - VERY clean and extremely well maintained
  • Waiting on the weekend for breakfast/brunch
  • Patio Dining
  • Delivery potential - 2 Large office buildings across the street
  • Across the street from Golf Course & country club entrance & parking
  • Manageable size space
  • Consistent 4.5+ out of 5 social media reviews

Financing

Down Payment:
$150,000
Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 31,448 252,382 779,335
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 12,452 74,947 230,661
2010 Persons Per Household 2.49 3.26 3.26
Median House Value $487,300 $354,546 $359,200
Income Per Household $71,645 $55,439 $56,872
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 937 4,191 11,749
2012 Number Of Employees 26,926 153,802 407,122
2012 Total Annual Payroll $843,221,000 $3,898,033,000 $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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