This Laguna Beach restaurant is located on Pacific Coast Highway and includes a commercial building and 2 residential units. The current restaurant's name is not included with the sale. It has been operating as a Caribbean restaurant concept featuring South American cuisine. There are no restrictions for a new restaurant concept; it must be approved by the city of Laguna Beach.
The restaurant space is approximately 1,300 sq.ft. seats 38 inside and 16 on the patio. The kitchen is fully equipped and all FFE is included. Also, included is a full liquor (type 47) license. The owner of the restaurant has a collection of exotic rums and liquors that are available to purchase at wholesale.
Restaurant offering: Asking price $150,000 (separate from property)
* The restaurant is not be offered as a stand-alone acquisition.
* The restaurant would have be part of the property purchase and under a separate agreement.
* The owner of the restaurant would be willing to sell the type 47 liquor license and FFE separate from the property as well as the inventory.
* The restaurant is being represented as an Asset Sale
* Financials will not provided to prospective buyers.
* The current restaurant is operating until mid- December.
* The restaurant is being represented as an asset sale and financials will not be provided to prospective buyers.
Property offering: Asking price $2,629,500
* The propery is comprised of 3 units, one commercial and two residential.
* The lot is 3,920 sq.ft. and was built in 1939.
* The complete package for the property will be provided upon request.
* An investor can purchase the property and lease the restaurant and residential units.
* The Property is being offered by BHHS California Properties and marketed jointly with Gateway Business Sales.
Facilities: Located on Pacific Coast Highway in Laguna Beach.
Growth and Expansion: There are very few buildings for sale in Laguna Beach that can house with restaurant usage in Laguna Beach for sale with rental units.
Terms: Cash for restaurant and bank financing for property
Reason Selling: Owner is relocating.
Year Established: Restaurant was established 1999.