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Long Beach, Los Angeles County, California
Bar And Restaurant
Asking Price
$999,000
Revenue
$2,000,000
Down
$999,000
Cash Flow
$320,000
Name: Ryan Clark
Phone: Show phone number
Name
Ryan Clark
Phone
Show phone number
Description
This 9,300 square foot facility with an outdoor patio leases for $13,000 per month on a lease until 2023 with one 10 year option. All of the business's furniture, fixtures, equipment, goodwill, Type 47 Liquor License, and any applicable dance and entertainment permits will be included in the sale. Approximately $10,000 in liquor inventory will be sold at cost at close in addition to purchase price.
While competition exists for dining, drinking and entertainment venues, few competitors occupy the type of space or possess the attractive lease rate that this one does. Fewer still have the spacious onsite parking availability or the type of unique location with the stellar views this one has.
New operators may choose to maintain the existing concept or they may capitalize on the attractive lease rate, location, liquor license and entertainment offerings to launch any number of new concepts. The facility has the space to simultaneously host 100+ guest banquets or special events during regular business operations, which provides the new owner the ability to diversify the income stream.
Posting Information
Posting ID:
250326
Attributes:
Broker Cooperation
Training And Support
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Posting Title
Bar And Restaurant
Posting ID
#250326
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