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For Sale: American Diner Restaurant, Liquor License, Patio - Long Beach, La County

NDA   |  

Current Status: Active     Posting #: 258988     Last Refreshed: 5/10/21    
Contact: Steve Torabi At 949-427-0414 , 949-424-6065  -  Also Email This Contact Below
Asking Price:  $299,000     Down Payment:  Call / Email     Annual SDC:  Call     Annual Gross:  $2,850,000    
Business Address:  None Given     City:  Long Beach     Zip:  None Given    
Attributes:  Broker-Broker Coop, Absentee Run, Training & Support
This is a unique opportunity to purchase this long established high volume restaurant located in long beach in a large center with lots of parking, patio, full bar with large sitting area with lots of beers on tap, plenty of tvs and a spacious dining room with plenty of room for small and large groups.

The concept is upscale fast casual counter service (no servers) and the menu is diverse for any taste, diet or appetite.

2019 Pro forma financial analysis:

Sales: $2,800,000
Rent: $245k (below the 10% industry standard)
Payroll: $840,000 (an owner operator can reduce the payroll by 3% or $96k a year)
Cog: $840,000
Misc. Expenses: $258k
__________________

Net potential income: $400k+ for an experienced owner operator who can manage the payroll and C.O.G. to industry standards of 30% each and uncontrollable expenses at 10%.

To get more information about this American Diner Restaurant, Liquor License, Patio business for sale in Long Beach, La County please phone Steve Torabi (Intermediary, Broker - BRE License #:01113651) at 949-427-0414 and 949-424-6065 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #258988 on BizBen.com. In addition to phoning Steve Torabi, make sure you email Steve Torabi above to get more info about this American Diner Restaurant, Liquor License, Patio, to ask any questions or request an appointment to see this business for sale. Thank you.


Email Steve Torabi Below About This Posting




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For Best Results & Response, Email & Phone This Contact: Steve Torabi at 949-427-0414 and 949-424-6065.
Buying A Restaurant During COVID
Defining Sellers Discretionary Cash





Featured Fast Track Postings: Motivated Owner/Sellers & Business Buyers

For Sale: Chinese Restaurant With Beer And Wine In West Los Angeles, California
Contact: Jack Oh: None Given, 562-544-6863
Status: Active  Posting #: 267732  Refreshed: 5/8/2021
Asking Price: $199,000  Down Payment: $50%  Annual SDC: $90,000  Annual Gross: $900,000
Attributes: Training And Support
Fast Track Posting Owner is retiring after 38 years. Recently remodeled 3 years ago. Fully equipped with walk in cooler and freezer. Has beer wine license. Located on a major street. Densely populated area. Seating for 150. Monthly gross: $75,000. Annual net: $90,000.
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For Sale: Restaurant - Modern, Clean Build Out In Eagle Rock, LA County, California
Contact: Ryan Clark: 310-652-8353
Status: Active  Posting #: 267637  Refreshed: 5/12/2021
Asking Price: $225,000  Down Payment: $225,000  Annual SDC: $60,000  Annual Gross: $521,518
Attributes: Broker-Broker Coop, Semi Absentee Run, Training And Support, Owner Financing
Fast Track Posting Eagle Rock area restaurant boasts a modern, clean build-out with an open floor plan. Venue has multiple interior dining areas. Fully outfitted kitchen has a walk-in cooler. convenience freeway, main street access. 2,000 + sf. M onthly rent $6,340. Lease expires 2028 + a 5 year option.
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