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#5418
Los Angeles South Bay - Long Beach

NEWLY REMODELED FULL SERVICE RESTAURANT IN ECLECTIC HARBOR COMMUNITY

$150,000
Available

Avoid the hassles of permits and unexpected construction delays and costs and get up and running quickly with this turn-key, newly renovated and remodeled restaurant that would be great for Indian, Mexican, Mediterranean, Cajun, Breakfast lunch concept, Steak-house Italian-Pizza, Gastro-pub or any other concept. 

Owner just completely remodeled both the front and back of the house but must leave the country so can not open the restaurant.

Corner location with good visibility on major thoroughfare offers easy access in this eclectic harbor community.

Approximately 1100 sq feet with seating for 50. Dining room has polished concrete floors, solid dark wood chairs and tables, new exposed HVAC ducting and hanging light fixtures with Edison bulbs.

Line has new equipment including 6 burners, 2 ovens, 3' char-broiler, refrigerated equipment base, 2 basket fryer, cheese-melter, salamander. Other equipment includes ice machine, beverage reach-in, refrigerated prep table, steam table, microwave,freezer, 3 door reach-in, dishwasher. LOTS of small-wares including pots, saute pans, hotel pans, kitchen utensils, flatware, plates/dishes, glasses and more.

Seller states new lease is possible with 5 year initial term and two 5 year options.

Owner states that beer and wine posting is complete and only waiting approval from city council.

Owner is motivated and will consider all reasonable offers. 

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:
Expires Jan 31, 2020
Total Monthly Rent:
$3,100
Security Deposit:
$3,500

Operations

Liquor License:
41 ABC posting done but waiting approval by city council
Hours Open:
Currently closed
Hood System Type 1:
Yes

Facilities

Indoor Seating:
46
# of Parking Spots:
6 + street
Inside Sq. Ft.:
1100

Highlights

  • Turn-key
  • Recently renovated Kitchen & Dining Room
  • High Traffic Street
  • Corner location with good visibility
  • Location adaptable to any concept
  • Separate area for walk-up - take out
  • 10' hood with equipment for variety of menus
  • New tables and chairs
  • Stylish Dining Room
  • Reasonable Rent
  • Owner motivated

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 60,935 135,965 332,628
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 22,044 44,656 113,789
2010 Persons Per Household 2.62 2.95 2.77
Median House Value $440,700 $407,259 $444,456
Income Per Household $50,210 $53,387 $57,870
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 862 1,889 5,420
2012 Number Of Employees 25,928 52,700 179,958
2012 Total Annual Payroll $544,895,000 $1,248,261,000 $4,294,967,295

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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