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#5304
Los Angeles South Bay - Long Beach

Absentee Owner cafe/beer&wine in Affluent South Bay Town

$165,000
Available
Absentee Owner cafe/beer&wine in Affluent South Bay Town
This Listing is Expired

You've Got To Go Visit This Restaurant and Enjoy the Food!  Click Here to Get Started!

This full-service, casual Italian cafe with beer & wine was created 8 years ago by a highly accomplished chef as a tribute to his grandmother and her cooking. It is a perfect blend of classic Italian food served with a modern flair.

Pride of ownership shows in all aspects of operations from the authentic family recipes with artful plate presentations to the professionally trained staff both in the front and back of the house.

The stylish dining room has two separate eating areas seating a total of 40 and a bar area seating 13. In addition there is an outside patio with large mature tress accommodating another 16 guests.

The kitchen is comprised of two production spaces, one with an 8' hood with 12 burners, a double fryer and several refrigerated prep tables and the other with a double deck convection oven that produces signature flat-breads.

While no books will be provided, sales are verifiable at $760,000 in 2018. COG's consistently run at about 30% and rent is approximately $6,000 per month.  As this is an absentee run concept a "hands-on" owner, could make a GREAT living here.  Take a look at our website for more photos by clicking --> HERE!!

VERY FEW restaurant opportunities (and even fewer of this caliber) come to market in this desirable S. Bay community.

This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Chaz Gaddie DRE License #02057673

Lease

Region:
Los Angeles South Bay - Long Beach
Lease Term:
New Lease
Total Monthly Rent:
$6,000

Financials

Last Year's Annual Gross:
$863,829
Last Year's Food Cost %:
30
Last Year's Rent %:
8.3

Operations

Liquor License:
41
# of Full-Time Employees:
14
# of Part-Time Employees:
7
Hours Open:
Monday - Thursday 11:30 - 2:30; 5:00 - 8:30
Friday & Saturday 11:30 - 2:30; 5:00 - 9:30
Sunday 4:30 - 7:30
Year Established:
2010
Hood System Type 1:
Yes

Facilities

Indoor Seating:
40
Outdoor Seating:
16
# of Parking Spots:
Street
Inside Sq. Ft.:
1500
Outside Sq. Ft.:
300

Highlights

  • ABSENTEE OWNER
  • Affluent community
  • Could be SERIOUS money maker
  • Authentic Family recipes with a modern twist artfully presented
  • Serving Flatbreads, Pasta, Beer & Wine
  • Stylish dining room with 2 eating areas, separate bar and patio with large mature trees
  • Consistent sales
  • Pride of ownership - Professional staff
  • Could increase sales and profit with breakfast ESPECIALLY weekends
  • Short operating Hours
  • True turn-key; Be up and running the day escrow closes
  • Professional website and FaceBook page

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Expired

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 42,794 89,624 234,926
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,618 33,708 87,233
2010 Persons Per Household 2.65 2.58 2.61
Median House Value $945,900 $843,015 $632,224
Income Per Household $118,860 $118,147 $82,793
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 673 1,975 5,737
2012 Number Of Employees 10,360 30,736 135,856
2012 Total Annual Payroll $203,689,000 $614,284,000 $2,954,139,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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