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#5151
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Profitable Absentee Seafood Restaurant/Bar for Sale - Type 47

$250,000
Sold
Profitable Absentee Seafood Restaurant/Bar for Sale - Type 47
This Listing is Sold

To start the Process, select the link to the left "Sign NDA."

SellingRetaurants.com offers this exceptional turnkey Profitable Seafood Restaurant and Bar for Sale that is priced to Sell on the Border of South Los Angeles and North Orange County.  Don't miss out on this rare opportunity to step right into a Profitable Restaurant and Bar with high quality build out and interiors, including a rare Type 47 liquor license.  The restaurant is approx 4,000 sf and seats more than 100, including a nice bar area and private dining area that seats more than 25 for private parties and special events.  There is plenty of parking at this high traffic location with highly complementary businesses nearby.

The sellers have established great pride of ownership here, but would prefer to sell this individual concept to focus on their rapidly expanding multi-unit franchise business back East, so their loss is your gain and you will likely step right into instant equity with a well-established track record of success.  The sellers have also successfully negotiated a special conditional-use permit that allows them to remain open to 5am so there are tons of opportunities to grow this business even further.  

Speaking of foodies, this restaurant serves excellent food as well as good service in a trendy yet professionally casual environment. 

This absentee operated restaurant and bar with great atmosphere is a big crowd pleaser with great Yelp and TripAdvisor ratings. 

If you want to get into the California beach scene in a big way, in a unique and difficult location to find then this is it!

The build-out alone makes this a beautiful restaurant deserving of the area and the clientele who frequent it. 

FINANCIALS: Annualized 2017 revenues are about $1,400,000 with double-digit profit margins.  This means we used the profit and loss statement from July 2016 and annualized the numbers. This restaurant has operated since 2016. 

LEASE: Expires in 4 years, but there are two 5-Year Options.  All-in Rent is $13,120.  Inside Sq. Ft. is Apprx. 4,000 sf and seats more than 100.

This is a highly confidential listing requiring each buyer to be qualified before details are released. The buyer must have a good credit score, net worth and plenty of restaurant experience and ownership. 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Orange County Restaurants For Sale
Santa Monica Restaurants For Sale
Long Beach Restaurants For Sale
Los Angeles Restaurants For Sale
Lease Term:
4 years + Two 5 Year Options
Total Monthly Rent:
$13,120

Financials

Last Year's Annual Gross:
$1,400,000

Operations

Liquor License:
Type 47
# of Full-Time Employees:
4
# of Part-Time Employees:
20
Hours Open:
Mon-Wed 4 pm - 10 pm
Thu 4 pm - 12 am
Fri 11 am - 12 am
Sat 11 am - 12 am
Sun 11 am - 10 pm
Year Established:
2016
Hood System Type 1:
Yes

Facilities

Indoor Seating:
109
# of Parking Spots:
Street
Inside Sq. Ft.:
4,000

Highlights

  • Profitable Seafood Restaurant and Bar Priced to Sell
  • Sales average $120k per month or $1M+ annually
  • Second Quarter Profit Margin was 19%
  • Rare Type 47 Liquor License
  • High Traffic Location
  • Tons of Parking with Complementary Businesses
  • High Quality Build Out and Interiors Far Exceed Asking Price
  • Incredible 4 Star Ratings with 500+ Reviews on Yelp
  • Seats more than 100 plus 25 for Private Dining and Events
  • Type 1 Hood System Included with fully equipped kitchen

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 66,178 250,976 616,512
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 20,157 71,426 186,397
2010 Persons Per Household 3.24 3.46 3.23
Median House Value $549,087 $415,607 $426,728
Income Per Household $82,525 $71,414 $72,184
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 2,278 4,193 13,410
2012 Number Of Employees 83,718 139,430 475,840
2012 Total Annual Payroll $1,902,271,000 $3,140,053,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: 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 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.

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