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#4166
Orange County Restaurants For Sale
Long Beach Restaurants For Sale

Upscale Italian Restaurant - Owner Financing - Low Rent

$450,000
Upscale Italian Restaurant - Owner Financing - Low Rent
This Listing is Expired

There is a recent and quite large PRICE DROP with this Long Beach Dinner House. Owner wants it sold and has agreed to help finance for a qualified buyer.

Owner has invested over one million to get this desirable restaurant to where it is today. This is perhaps the most beautiful restaurant you may ever visit! Imported chandeliers and art work offset with cut stone floors and an old world charm makes this restaurant a classic destination. Hand carved bars and cut glass windows will take you back in time to what restaurants used to be like.

If you are into the catering and banquet scene, you will love this grand ballroom. It is complete with a separete bar and all the audio visual eqpt you will need, plus it is very elegant and the current owner has many bookings for December weddings and parties.  Grand Prix weekend can be huge for an operator who knows how to market. 

This restaurant a classicly elegant dining establishment. Nowhere in the city can you book a more elegant ballroom for weddings and special events. The owners have thought of everything when they built this gorgous restaurant including a piano bar with nightly entertainment.

Complete with a 47 license, you will capture the tourists as well as the populated downtown clients. Located on the corner, this restaurant will make a new owner proud. Classicly trained chef willing to stay and house recipes are included in the sale.

Full hood, complete kitchen, several banquet rooms and a great corner location. Owner retiring after 20+ years as owner operator.

Please go to SellingRestaurants dot com for more details. 

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

Lease

Region:
Orange County Restaurants For Sale
Long Beach Restaurants For Sale
Lease Term:
ends 2021 w 2 options
Total Monthly Rent:
$7,583
Security Deposit:
$5,656

Financials

Last Year's Annual Gross:
$878,637
Last Year's Food Cost %:
31
Last Year's Payroll Cost %:
16
Last Year's Rent %:
13

Operations

Liquor License:
47
# of Full-Time Employees:
4
# of Part-Time Employees:
15
# of Working Owners:
1
Hours Open:
11:30-10PM
Closed Sunday
Hood System Type 1:
Yes

Facilities

Indoor Seating:
123
Inside Sq. Ft.:
5,336

Highlights

  • Established Dinner House & Banquet
  • Old World Charm in Downtown Location
  • Perfectly Decorated Restaurant Long Beach
  • Book Catering & Banquet Business All Year
  • Established Long Beach Restaurant For Sale
  • Owner Retires Opens Opportunity
  • Art & Romance in This Long Beach Restaurant
  • Perfect Corner Restaurant In Downtown Area

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 43,286 106,510 409,561
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 19,853 36,280 139,012
2010 Persons Per Household 1.93 2.64 2.78
Median House Value $274,300 $284,200 $400,122
Income Per Household $43,404 $37,937 $48,453
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,164 1,965 7,289
2012 Number Of Employees 72,118 95,690 264,970
2012 Total Annual Payroll $2,278,922,000 $2,821,488,000 $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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