Business Opportunity – , Long Beach, CA 90814, US -001-11-30T00:00:00-08:00
This Family Restaurant / Sports Bar is located on a major street, HIGH TRAFFIC FLOW with freeway access! The location is with-in 1 1/2 mile radius of the 91 and 605 FWY exchange (Not in Long Beach). The business was first opened in 2009 and moved to this new
, Long Beach, CA 90814, US
$1,399,000 USD
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Address, Long Beach
Price$1,399,000
Price Changed6.67% (-$100,000, 66 days ago)
Property TypeBusiness Opportunity
Year Built2014
Bedrooms Total0
Living Area3,138 ft2
Listing IDPW17216706
StatusActive
Days on Market90

Detailed Description: This Family Restaurant / Sports Bar is located on a major street, HIGH TRAFFIC FLOW with freeway access! The location is with-in 1 1/2 mile radius of the 91 and 605 FWY exchange (Not in Long Beach). The business was first opened in 2009 and moved to this newly custom-built location 3 1/2 years ago and has shown a healthy increase in sales and PROFIT each year. The building, will NOT be disappointing, it was constructed for this business featuring a modern kitchen, most equipment was purchased new with move to this location, high industrial ceilings and one open space seating 86 people inside and another 75 on the outside patio. Plenty of parking! 2016 showed a healthy net profit of approx $340,000 even though menu prices were not adjusted for minimum wage increase which drove payroll up to 43%. In 2017 menu pricing has been adjusted, labor is at 27%, business acquired a type 47 liquor license (full bar) in March which has increase liquor sales and growing, Owner added a Catering Manager early in the year, which has produce $125,000 in extra sales. FOR 2017 YEAR TO DATE Thru 7/31 BUSINESS HAS NET PROFIT OF $449,000. For further information an NDA, Non Disclosure Agreement will need to be signed by potential Buyer. See supplements for NDA and 2017 P and L

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Address Information
Address, Long Beach
CityLong Beach
Location (MLS Area)699 – Not Defined
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90814
CountryUS
Financial Information
Price Changed-6.6711%
Previous Price$1,499,000
Price per Square Foot$445.83
Price per Lot Square Foot$
Tax Year2017
Full Descriptions
Detailed DescriptionThis Family Restaurant / Sports Bar is located on a major street, HIGH TRAFFIC FLOW with freeway access! The location is with-in 1 1/2 mile radius of the 91 and 605 FWY exchange (Not in Long Beach). The business was first opened in 2009 and moved to this newly custom-built location 3 1/2 years ago and has shown a healthy increase in sales and PROFIT each year. The building, will NOT be disappointing, it was constructed for this business featuring a modern kitchen, most equipment was purchased new with move to this location, high industrial ceilings and one open space seating 86 people inside and another 75 on the outside patio. Plenty of parking! 2016 showed a healthy net profit of approx $340,000 even though menu prices were not adjusted for minimum wage increase which drove payroll up to 43%. In 2017 menu pricing has been adjusted, labor is at 27%, business acquired a type 47 liquor license (full bar) in March which has increase liquor sales and growing, Owner added a Catering Manager early in the year, which has produce $125,000 in extra sales. FOR 2017 YEAR TO DATE Thru 7/31 BUSINESS HAS NET PROFIT OF $449,000. For further information an NDA, Non Disclosure Agreement will need to be signed by potential Buyer. See supplements for NDA and 2017 P and L
Special LicensesOther
Property parameters
Year Built2014
Living Area (Sq.Ft.)3,138 ft2
Leasable Area3,138 ft2
Established2,009
Year Built SourceSeller
Listed withLuisa Miralles (Berkshire Hathaway H.S.C.P.)