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Restaurant w/cocktails along beach

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Long Beach, California (Los Angeles Co.)   |  Food and Beverage Businesses for Sale – Other Food and Beverage Businesses for Sale

Business Description

Hi End restaurant with full liquor license and liquor catering permit located in upscale beach community Average ticket price is $55 per person Short hours, open only for dinner 5 hours per day, closed Monday Has upstairs 2 bedroom apartment + 1 bath included in rent. Menu consists of steaks, fish, chicken, salads. Buyer needs to be experienced chef to qualify with landlord. Major expenses: food cost(25%)-8500, rent 2700, utility-600, equipment lease-330, labor-10,000, insurance-550, credit card fees-1000, tax-2700

About the Business

Year Established:
1900
Number of Employees:
2 fte; 6 pte
Facilities:
Hi income beach area. Can rent out apartment upstairs and collect additional income.
Market Outlook/
Competition:
Seller is a well known chef in the area with a strong following. Liquor is permitted to be sold until 2am. Can open on Monday and extend hours for lunch

About the Sale

Reason For Selling:
Too far to drive
Seller Financing:
Owner to carry $80K for 2 yrs. @ 6%

Listing Info

Keywords:
Restaurant
BizQuest Listing ID:
1083261
Ad Detail Views:
240
Asking Price:
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Business Listed by
VR Business Brokers - Southern California
VR Business Brokers - 00841302
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