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For Sale: Bar And Restaurant - Long Beach, LA County


Current Status: Active     Posting #: 250326     Last Refreshed: 10/16/19    
Contact: Ryan Clark At 310-652-8353  -  Also Email This Contact Below
Price:  $999,000     Down:  $999,000     Adjusted Net:  $320,000     Revenue:  $2,000,000    
Business Address:  None Given     City:  Long Beach     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Call

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For Best Results & Response, Email & Phone This Contact: Ryan Clark at 310-652-8353.

  Description About This Posting: Bar And Restaurant
This Long Beach bar and restaurant boasts an ideal outdoor patio with an unmatched view, plenty of onsite parking, dance and live entertainment all at a highly attractive lease rate. The venue, which has continuously operated since the mid-1970s, is comprised of several rooms that allow management to host several events or partition off the bar or restaurant space as customer demand merits. The spacious kitchen has a comprehensive line that includes convection ovens, pizza ovens as well as a large griddle, grill, stove, deep fryer, two ice machines, a long food preparation line and a walk-in cooler and freezer.

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.

To get more information about this Bar And Restaurant business for sale in Long Beach, LA County please phone Ryan Clark (Broker) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #250326 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Bar And Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you.

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