Address Not Published

    Long Beach, CA 90814
    • $1,299,000
    • STATUS: Active
    • ON SITE: 277 days
    • ID#: PW17216706
    UPDATED: 39 min ago
    $1,299,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,138
      SQFT
    • $414
      $/SQFT
    Neighborhood:
    Type:
    Business Opportunity
    Built:
    2014
    County:

    School Ratings & Info

    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 BUSINESS HAS NET PROFIT OF $493,548 For further information an NDA, Non Disclosure Agreement will need to be signed by potential Buyer. See supplements for NDA AND 2017 PROFIT AND LOSE STATEMENT

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T21:26:12.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.teamforss.com/homes/76894932

    Address Not Published Long Beach, CA 90814

    • Price: $1,299,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: PW17216706
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    3,138
    SQFT
    $414
    $/SQFT
    2014
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property 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 BUSINESS HAS NET PROFIT OF $493,548 For further information an NDA, Non Disclosure Agreement will need to be signed by potential Buyer. See supplements for NDA AND 2017 PROFIT AND LOSE STATEMENT
    Property Features

    Additional Parcels YN No Building Area Units Square Feet Business Type Bar/Tavern/LoungeRestaurant Country Us Leasable Area 3138.00 Leasable Area Units Square Feet Number Of Full Time Employees 2 Number Of Part Time Employees 50 Year Built Source Seller Year Established 2009

    Listing provided courtesy of Luisa Miralles of Berkshire Hathaway H.S.C.P..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-24T21:26:12.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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