Restaurant With Full Liquor
Location California,United States
Asking Price Range < $250K
Gross Revenues $384389
Net Profit / Cash Flow $116714
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks at 20 hours / week.
Reason for Sale Personal.
Description This quaint Long Beach / Belmont Shore Area restaurant for sale with full liquor and favorable rent presents a working owner a well-established dining venue to operate with minimum monthly costs. The restaurant is a local favorite in this tight knit high discretionary income community that thrives off foot-traffic from nearby residents. It is not only known for its authentic dishes comprised of fresh, largely organic ingredients, but also for its thorough fine wine selection.
Asking Price $325,000.
The 1,000 sq. ft. restaurant leases for a favorable $2,000 per month, with an additional lease for an adjacent 2 bedroom apartment with a patio for only $700 per month. The restaurant is on a 5 year lease (with 4 years remaining) with one 5 year option. The sale includes a liquor license, $8,000 in inventory (to be purchased at cost at close), seating for up to 60 patrons, and a full kitchen equipped with a grill, oven and 6 burner stove, dishwashing equipment and two restrooms.
There are a variety of fine dining restaurants in the Greater Belmont Shore, Belmont Heights and Naples Island Areas. This restaurant has a tried and true concept that has catered to local residents for years. Due to limited number of such venues in its immediate vicinity, this restaurant has a distinct competitive advantage as many of its patrons can simply walk to its from their homes.
While this restaurant is only open for dinner, its location lends itself to lunch and weekend brunch service. New owners may also consider menu additions, implementing delivery service, and launching an advertising program targeting high discretionary income in the restaurant's immediate vicinity.
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