Long Beach Restaurant & Bar w/Dance, Patio & Live Entertainment!

Contact Seller
Asking Price:
$650,000

Gross Revenue:
$1,000,000
Cash Flow:
$240,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$1,000,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

This popular Long Beach Restaurant with a bar, large outdoor patio, and dance / live entertainment entitlements that allows amplified music, boasts an extraordinary build-out and coveted location that truly set it apart. The spacious venue has a versatile layout that provides it unique character with a maximum amount of flexibility for special events or varied offerings. The venue showcases live entertainment five nights per week and serves authentic award winning cuisine.

About the Business

Year Established:
2010
Number of Employees:
33
Facilities:
This 5,700 square foot restaurant plus unique 1,000 square foot patio with a dock that can accommodate a 50 foot vessel leases for $14,700 per month on a lease that expires in 2024 with 4-5 year options. All of the business's furniture, fixtures, equipment (with a few exceptions), Type 47 Liquor License and dance / entertainment permits will be included in the sale. Liquor will be sold at cost at close in addition to purchase price.
Market Outlook/
Competition:
While competition exists in the area, this venue’s astounding build-out with $1.8 million initially invested, its unique location, its 2 bars and its dance and live entertainment entitlements truly set it apart from other area venues and provide it a distinct long term competitive advantage.
Growth & Expansion:
New operators may wish to continue to manage the business with its current concept that appeals to a varied audience, or they may prefer to capitalize on the unique location, versatile buildout with a large patio and its liquor, dance, live entertainment and amplified music entitlements to launch any number of food and entertainment driven concepts.
Contact the Seller

About the Sale

Reason For Selling:
Relocation
Training/Support:
2 Weeks at 20 hrs/wk

Listing Info

ID:
1428376
Ad Detail Views:
619

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by
View My 106 Active Listings
Memberships:


   
Certifications:

   
U.S. Census Data for Los Angeles County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Los Angeles County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
;