Asking Price: $650,000 Gross Revenue: $1,000,000Cash Flow: $240,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $1,000,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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
Number of Employees:
Building Sq. Ft.:
$14,700.00 Per Month
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.
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.
Long Beach Restaurant & Bar w/Dance, Patio & Live Entertainment!
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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
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