Long Beach Fine Dining Restaurant with Patio, Parking & Personality

Location: California, United States
Category: Food and Beverage
Type: Established

Financials

Asking Price: $600,000
Cash flow: $100,000
Revenue: Not Disclosed
Gross Income: $700,000
Inventory: Not Disclosed
FF&E Not Disclosed
Real Estate: Not Disclosed

Business Details

This fine dining establishment may very well be Long Beach s number one special occasion restaurant. Established for 10 years, and away from the congestion of Pine Avenue, this quaint American Style venue offers clients gourmet seafood, pasta and steaks, with an amazing drink, dessert and wine selection. The facility comfortably seats 60 customers inside and nearly 100 customers on its patio. The location lends itself to a plethora of new concepts, so new owners may seek to continue to grow the existing business, introduce a new high end restaurant with a service bar concept, or capitalize on the highly coveted patio and parking lot by implementing an Urth Caf style healthy eating, drinking (coffee, tea, blends and cocktails) and meeting venue. Alternately, new owners may seek to take the establishment in the opposite direction and create chic straight or alternative lifestyle friendly, high end restaurant with service bar and patio concept.

Facilities:
The 1,400 sq. ft. facility ( 1,200 sq. ft. patio) will likely lease for $3,000/mo on a negotiable long term lease. All of the kitchen equipment, furniture, fixtures, Point of Sale system, liquor license, goodwill / intangible assets, etc. will be paid off (except the dishwasher) and will transfer. The facility has an ideal layout for efficient indoor and outdoor food service, has a managers office, and a wine, liquor and dry food storage area.

Financing:
Not Offered ...

Support:
Owner will train for 2 weeks at 20 hours per week, or as negotiated.

Competition:
This area of Long Beach generally attracts the best of all worlds local regulars with high discretionary income, diners celebrating a special occasion (Valentines Day / Anniversaries), as well as business persons attending local conventions. This restaurant s location, highly unique atmosphere, and consistent quality food and service offering separate it from its competition.

Growth:
New owners may seek to continue to grow the existing proven concept, potentially add additional promotions, expand the menu, etc. or completely renovate the concept. The facility and location are versatile enough that new owners may seek to continue to grow the existing business, introduce a new high end restaurant with a service bar concept, or capitalize on the highly coveted patio and parking lot.

General Information

Reason Selling: Personal

Number of Employees: 18
Year Established: 1995