Long Beach Restaurant w/Heavy Foot Traffic & Visibility – High Volume Potential!
Overview
The Long Beach venue is ideally located in a heavy food traffic location with high visibility and a tremendous amount of potential to do a significant volume of business. The venue with a 60 person occupancy boasts a prominent corner location and outdoor patio. The venue has diner style bar seating, a full dining room and patio seating. Its kitchen has 2 stoves and range, grill, griddle, 2 bucket deep fryer, salad preparation area and walk-in cooler.
Additional Details
Facilities
This 2,166 square foot outlet in what is arguably Long Beach’s most sought after new food service location leases for $17k per month including common area maintenance (CAM) expenses on a lease until 9/1/2024 with one 5 year option. Though it is not anticipated that the concept with transfer, all of the business’s furniture, fixtures, equipment and Type 47 liquor license will be included in the sale. An estimated $5,000 in inventory will be sold at cost at close.
Competition
This business is located in a high-profile location that draws foot-traffic from locals, visitors and tourists. As such, a solid concept will have the platform to attract foot traffic to help to build a new brand or to capitalize on an established concept’s existing brand awareness, which provides the operator a unique competitive advantage.
Growth & Expansion
New management will likely wish to capitalize on the location to launch a new concept or expand an existing one to this popular high visibility location. The existing concept, which is not anticipated to transfer in the sale, has the ability to serve liquor, which may prove ideal for a new operator. The business can benefit from a full-time working owner-operator to not only save on wage expenses but also to ensure stellar customer service, the highest possible average ticket sale, and to continue to build brand loyalty while bolstering the average ticket sale.
At a Glance
