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Restaurant And Bar In Long Beach For Sale

Long Beach, California - South
Asking Price:
$650,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,000,000 (USD)
Cash Flow:
$240,000 (USD)

This popular Long Beach Restaurant with a bar, large outdoor patio, and dance / live entertainment entitlements that allows amplified music, boasts an extraordinary build-out and coveted location that truly set it apart. The spacious venue has a versatile layout that provides it unique character with a maximum amount of flexibility for special events or varied offerings. The venue showcases live entertainment five nights per week and serves authentic award winning cuisine.

This 5,700 square foot restaurant plus unique 1,000 square foot patio with a dock that can accommodate a 50 foot vessel leases for $14,700 per month on a lease that expires in 2024 with 4-5 year options.

Property information

Real Estate:

Lease

Premises Details:

All of the business's furniture, fixtures, equipment (with a few exceptions), Type 47 Liquor License and dance / entertainment permits will be included in the sale. Liquor will be sold at cost at close in addition to purchase price.

Business Operation

Expansion Potential:

New operators may wish to continue to manage the business with its current concept that appeals to a varied audience, or they may prefer to capitalize on the unique location, versatile buildout with a large patio and its liquor, dance, live entertainment and amplified music entitlements to launch any number of food and entertainment driven concepts.

Competition / Market:

While competition exists in the area, this venue’s astounding build-out with $1.8 million initially invested, its unique location, its 2 bars and its dance and live entertainment entitlements truly set it apart from other area venues and provide it a distinct long term competitive advantage.

Reasons for selling:

Relocation

Employees:
33
Years established:
2010

Other Information

Support & training:

2 Weeks at 20 hrs/wk

Furniture / Fixtures value:
$1,800,000 (USD) - included in the asking price

Contact Information

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