Profitable Restaurant with Unique Latin Concept, Excellent Reviews!

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Beautiful Build Out, Turnkey, Well Staffed, Low Owner Hours, Low Rent!
Asking Price:
$139,000

Gross Revenue:
$523,200
Cash Flow:
$85,001
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$3,000
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Chic and cozy restaurant with a unique latin concept in a great part of Long Beach! Well trained employees that can run restaurant without owner's presence, allows owner to work only part-time and travel when needed. Excellent online reviews, good books and records, very reasonable rent in a great shopping center with ample parking! Turnkey business for a lucky buyer. Selling due to out of state relocation. Includes beer and wine license. Outstanding value; priced at only 1.64 times Seller's Discretionary Earnings!!
Act quickly; Must See!

About the Business

Location:
Long Beach, California
Year Established:
2014
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
860
Rent:
$2,829.00 Per Month
Facilities:
860 sq ft plus patio
Beautifully built out and in turnkey conditions
Seats approximately 24 inside and 10 on the patio
Ample shared parking in a very nice shopping center! Very reasonable rent!
Market Outlook/
Competition:
Restaurant business is competitive with various competitors in every city. This concept is unique, so it gives the owner an advantage. Buyer is advised that they are solely responsible to research all aspects of the business including market and competition.
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About the Sale

Reason For Selling:
Relocating out of state and involved in other business ventures
Training/Support:
Seller will help train buyer to ensure a smooth transition. Employees are well trained and run the operation without the owner, since he works only part-time and travels out of state periodically. This makes it easier to transition to a buyer!

Listing Info

ID:
1615460
Ad Detail Views:
0

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Business Listed by

Vinil Ramchandran

Dream Business Brokers
License# 01991916

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