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#4537
Los Angeles South Bay - Long Beach

Hot Location! Beautiful Restaurant w/Patio and Beer & Wine

$185,000
Sold
Hot Location! Beautiful Restaurant w/Patio and Beer & Wine
This Listing is Sold

LOCATION, LOCATION, LOCATION!

Are you looking for a great burger joint that you can make your own? 

What about a breakfast place with good breakfast options?

And What about a restaurant that has something on the menu for just about any craving?

If you answered yes to any of all of the above, congratulations you have found your home!

This Restaurant for sale sits in the beautiful downtown area serving Breakfast, Lunch and Dinner. With the cities Police and Fire Departments, Local High School as well as a local park are but a few things within blocks.The BEACH is only blocks away also and restaurant sits just off one of the main streets leading to the local beach area where 100's come into the area (especially on weekends) to enjoy the sun and waves.

The restaurant has a variety of common California favorites (Burgers, Mexican, and Italian) and a nice selection for the breakfast options. With a 4 head beer tap and many bottled beers and the wine offerings there is room to increase this part of business by adding a few more TV's and invite the locals in to enjoy the food, drink and atmosphere as they watch their favorite teams duke it out. Currently Beer and Wine are only 4-5% of total business.

The locals love to dine on the outdoor patio that has a nice street presence. The inside dinning area has a clean open feel. With the recent remodel the place has taken on a warm and inviting ambiance.

The business has been in the family for 6 years when current family member bought the business, remodeled it, revamped the menu and reopened in mid April 2015. Owner now wants to leave the area to pursue other venture and is looking to pass this business on to someone that can continue to see the sales increase. This would be a great business for a family to come in and work together and continue to grow the sales and profits.

Current sales are in the $27,000 per month range and growing monthly according to owner. This must be verified by buyer as current owner has not been open long enough to have filed business taxes. Lease is through March 31, 2020 plus a 5 year option.

To get the Name, Address and see Pictures just go to the button below "Sign NDA" and you can see if this is not the restaurant you were looking for.

Please visit our website at www.sellingrestaurants.com to get the name and location of this business. 

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles South Bay - Long Beach
Lease Term:
March 31, 2020 + 5 yr option
Total Monthly Rent:
$5,072
Security Deposit:
$4,335

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
2
# of Working Owners:
2
Hours Open:
Mon - Sat 7AM - 8PM
Sunday 7AM - 5PM
Year Established:
2009

Facilities

Indoor Seating:
36
Outdoor Seating:
20
# of Parking Spots:
5 + City Parking
Inside Sq. Ft.:
1750

Highlights

  • Located on Busy Street in downtown area
  • Very Nice Patio area
  • Interior recently remodeled
  • Warm inviting feel to restaurant
  • Good Parking with street, rear and city lots very close
  • Serves Beer and Wine
  • Busy Weekend Breakfast a favorite to locals
  • BEACH only Blocks away

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 17,042 130,963 453,212
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 7,085 49,556 162,103
2010 Persons Per Household 2.34 2.58 2.67
Median House Value $736,500 $699,481 $564,185
Income Per Household $84,341 $92,078 $73,326
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,646 5,929 12,184
2012 Number Of Employees 123,530 291,772 429,088
2012 Total Annual Payroll $4,294,967,295 $4,294,967,295 $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, foreward 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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