Established Beach Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2011
Number of Employees 6 - 9
Inventory 15000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks at 20 hours/week
Reason for Sale Other business ventures
Description This Hermosa Beach Area restaurant with great street visibility may be the ideal opportunity for someone seeking to implement their own concept in a highly visible location. The business is located very close to the beach and thrives from the weekend bar-hoppers seeking for a late night meal. The restaurant has seating for approximately 30 persons and includes a full kitchen and versatile dining room that could suit any number of concepts. There is plenty of parking available in the nearby lots, structures and street.
Asking Price $99,000.
This 1,200 square foot facility rents for $5,700 per month (including CAM) on a lease with 2 years remaining and a 5 year option. The sale includes the furniture, fixtures, equipment however the name, menu and website are not included, though they may be offered on a licensing arrangement. The restaurant does not have a beer and wine license as a new bathroom would need to be added to be eligible for one, but then the operating hours would likely need to be reduced during the highly profitable late night period.
Competition is considered to be medium as other restaurants exist in the area, however this location has a significant advantage due to its main street exposure and location at a busy beachside intersection with heavy foot traffic and thousands of vehicles passing by daily.
This business has significant room to grow. A new owner may expand operating hours to capture early morning and lunch crowds, as well as offering delivery and catering.
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