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Long Beach / Belmont Heights Restaurant w/ Beer & Wine Low Rent!

California, Long Beach
Asking Price $300,000.00
Gross Income $561,008.00
Cash Flow $561,008.00
EBITDA
Furniture, Fixtures & Equipment (FF&E)
Inventory
Real Estate
Year Established
Number of Employees
Type of Real Estate Offered
Business Type
  • RESTAURANTS

  • Banquet Hall Caterer
Overview
This well-established Long Beach restaurant with beer and wine occupies possibly one of the most prominent locations in the area. It is rare that you find a location of this quality combined with a below market lease rate. The versatile facility can thrive with a variety of concepts. Currently open for lunch and dinner only, this location could do very well with an offering that draws a breakfast crowd to serve neighborhood residents, local businesses and tourists. The restaurant is a local favorite in its vibrant, ever-evolving community. It thrives off foot-traffic but also draws from throughout the greater Long Beach, South Bay and North Orange County areas.
Business Details
Location and Facilities: This 2,500 sq. ft. restaurant leases for a favorable $3,800 monthly rate that is set to expire in 2016 with a five-year option. The sale includes a beer and wine license, ample indoor and outdoor seating and a full kitchen equipped with a grill, oven and 6 burner stove, dishwashing equipment and two restrooms

Support/Training: 2 wks at 20 hrs/wk

Market Information and Position: This caf has ideal growth potential for an owner with market prowess, brand building capability, and a passion for the industry. With nearby complementary businesses and a high growth community much potential remains untapped. Naturally, a new owner may seek to expand the hours and days open as they are currently closed two days a week and do not offer late afternoon or even dinner service. Competition: There are other local competitors in this coveted area; however with it s built in customer base and local reputation, this business enjoys an extremely stable revenue stream with a niche concept in its diverse, yet moderately sophisticated and culturally diverse neighborhood.

Reasons for Selling: Personal

Financing:

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