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BUSINESS FOR SALE - PROFILE #  01984118NK

Restaurant, Waterfront, 2 Patios, Tourists, B&W
Long Beach

Asking Price: $1,600,000   Down Payment: $1,000,000  
Gross Revenue: $1,750,000   Adj. Cash Flow*: $600,000  
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Executive Summary

  • High volume ocean view restaurant with beer and wine. 

  • Many tourists and convention visitors. Very picturesque setting. 

  • Serves the highest quality food at high prices. 

  • No food to go, no reservations accepted and no delivery currently. 

  • Sales increasing significantly year over year. Room next door approved for expansion. 

  • Major Expenses: rent-9000,labor-30,000, food cost-23%-31000 utilities-2000, ad-1000, cable/wifi-200, bank fees-2000, mis-2000

Acquisition Highlights

  • High volume ocean view restaurant with beer and wine. Many tourists and convention visitors. Very picturesque setting. Serves the highest quality food at high prices. No food to go, no reservations accepted and no delivery currently. Sales increasing significantly year over year. Room next door approved for expansion. Major Expenses: rent-9000,labor-30,000, food cost-23%-31000 utilities-2000, ad-1000, cable/wifi-200, bank fees-2000, misc-2000
  • open 9am to 9pm, Friday and Saturday 9am- 10pm, 2 Ft + 23 PT employees
  • Picturesque marina setting. Great place to have a drink and food and watch the boats go by. Many hotels and convention center in the area. Has billboard advertising inside the convention center.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2014 Inventory: $20,000
Employees: 2 FT, 23 PT Furniture, Fixtures & Equipment:
Lease/Rent: $9,000 Real Estate:
Building Sq Ft: 2000 + 2 patios
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Neil Kaplan
Phone:  (562) 402-2686
Fax:  (562) 809-3398
Other:  (310) 490-3422
E-mail:  bestbusinesses@aol.com
VR Business Brokers - Artesia, CA
17100 Pioneer Boulevard
Suite 195
Artesia, CA 90701-5414
www.bizbizbiz.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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