Long Beach Restaurant With Heavy Foot Traffic

Business Overview:

The Long Beach venue is ideally located in a heavy food traffic location with high visibility and a tremendous amount of potential to do a significant volume of business. The venue with a 60 person occupancy boasts a prominent corner location and outdoor patio. The venue has diner style bar seating, a full dining room and patio seating. Its kitchen has 2 stoves and range, grill, griddle, 2 bucket deep fryer, salad preparation area and walk-in cooler.

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Property Features and Assets:

This 2,166 square foot outlet in what is arguably Long Beach’s most sought after new food service location leases for $17,000 per month including common area maintenance (CAM) expenses on a lease until 9/1/2024 with one 5 year option. Though it is not anticipated that the concept with transfer, all of the business’s furniture, fixtures, equipment and Type 47 liquor license will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.

Market Competition and Expansion:

This business is located in a high-profile location that draws foot-traffic from locals, visitors and tourists. As such, a solid concept will have the platform to attract foot traffic to help to build a new brand or to capitalize on an established concept’s existing brand awareness, which provides the operator a unique competitive advantage.

Reason for Selling:

Personal

Additional Details:

Documents:

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