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Listing #5309

High Volume - Beer & Wine - Cool Decor - Steal it Price!

Price: $150,000
Down Pmt: $150,000
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High Volume - Beer & Wine - Cool Decor - Steal it Price!

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While this is being listed and sold as an asset sale, the name, trademark, website, recipes and other branded items related to the business "may" be available at time of offer/sale. This is an excellent opportunity to avoid the hassles of permitting and build-out as well as losing money and experiencing cash flow issues while you are trying to build customers and volume. All of that has been done for you.

With sales verifiable at $900k+ per year, there is already a very established base to build on. There is ALWAYS a wait on the weekends for breakfast/brunch and more efficient seating could decrease wait times and substantially increase tables turns, sales and profit. In addition, there are two large office buildings across the street providing an opportunity to develop a lunch delivery business.

The dining room is warm and inviting and is tastefully done with reclaimed wood, booths, tables and a counter seating area also doubling as a bar. It could easily be a gastro-pub. There is a 20' hood with versatile equipment capable of producing most any menu or type of food. Line equipment includes: char-broiler, flat griddle. 2 double basket fryers, double convection oven, 6 burner stove with oven, 2 burners and a salamander/cheese melter.

There is a type 41 beer & wine license that is definitely being under utilized. Go to SellingRestaurants to get the name and location. Click here. 

The 1500 sq feet is very manageable yet has the capability of producing serious sales and profit. While no books will be provided, sales are verifiable at $900,000 and with rent at $64,400 or 7.2% of gross sales, if you were to run your  prime costs of 60% for food and labor this could quickly turn into a cash cow and you could possibly pay back your investment in less than 1 year.

Partnership dispute forces sale and their loss is your gain.

Additional Points:

Turnkey - be up and running the day escrow closes.

Interior could easily be a tap room or gastro-pub.

Nearly 1000 Yelp, Trip-Advisor and Face-Book reviews averaging more than 4.5 out of 5 stars.

Currently serving breakfast, lunch & dinner 7 days a week.


This is a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Chaz Gaddie DRE License #02057673
   
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General Information
Listing Status: Available
Price: $150,000
Down Payment: $150,000
Location: Los Angeles South Bay - Long Beach
Los Angeles
Last Year's Annual Gross: $900,000
Lease Information: New Lease
Monthly Rent: $5,370
Liquor License: 41
Indoor Seating: 44
Outdoor Seating: 12
Number of Parking Spots: Shared Lot
# of Part-Time Employees: 17
# of Full-Time Employees: 5
# of Working Owners: 1
Hours Open: Monday - Thursday 8AM–9PM Friday - 8AM–9:30PM Saturday - 7AM–9:30PM Sunday - 7AM–9PM
Year Established: 2015
Inside Sq. Ft.: 1500
Outside Sq. Ft.: 300
Hood System Type 1: Yes
Highlights
  • HUGE upside potential

  • Hip, casual and quaint interior and decor

  • Easy Gastro-Pub or tap room conversion

  • Beer & Wine License

  • Pride of ownership - VERY clean and extremely well maintained

  • Waiting on the weekend for breakfast/brunch

  • Patio Dining

  • Delivery potential - 2 Large office buildings across the street

  • Across the street from Golf Course & country club entrance & parking

  • Manageable size space

  • Consistent 4.5+ out of 5 social media reviews



DISCLAIMER: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it in addition to seeking professional advice from an attorney as well as a CPA.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate (if included in the sale), its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User and User should often review the listing on the website to keep up to date.



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