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Listing ID: 2860041

Great Cash Flow Of $5,500/month! Easy To Run In High Income Part Of Long Beach For Sale

Los Angeles, Los Angeles, California, United States

$ 155,000

Revenue: $ 461,595

Cash Flow: $ 69,048

Business Description

Great Cash Flow Of $5,500/month! Easy To Run In High Income Part Of Long Beach

RRC#: 2994
Asking Price: $155,000
Location: Los Angeles County, Los Angeles County, California
Yearly Revenue: $461,595
Yearly Cash Flow: $69,048
Monthly Rent: $2,584

LISTING DESCRIPTION:
Turn Key opportunity to own a cozy but well-established Long Beach restaurant in a desirable, premium shopping center with existing clientele. Eclectic menu of various Latin delicacies (not Mexican food). This restaurant offers Dine in, Take out and Catering, and is located on a major street with high traffic flow & over 100 parking spaces. Modern, near new state of the art kitchen and furnishings. This business has shown a steady increase in growth from opening to date.Employees are very skilled including a lead chef who will stay with the restaurant. The business has good name recognition in the area due to professional social media campaign, website, and Instagram account. There is very low employee turnover. The local economy is driven by this high income area where diners are willing to spend extra $$ for a fun and delicious dining experience. This along with the Bistro’s outstanding reputation is why the many loyal customers keep coming back. Clientele can enjoy both inside and outside seating. This restaurant has notoriety for it''s signature dishes and authentic upscale cuisine. Ample Parking, Great reputation and a strong Yelp presence. Sale includes ABC type 41 beer and wine license. The following equipment includes: 10'' and 12'' type 1 hoods with fire suppression systems,, 1 Freezer 2 Doors, 1 Refrigerator 2 Doors, 1 Sandwich cooler 60", Ice o matic (Ice machine) 192 pounds, Dishwasher machine L-1X16 CMA, Three compartment sink, Prep sink, Mixer HOBART 20 pounds, 2 Insulated food warmers APW Wyott, 1 soup warmer NEMCO, 1 Blender VITAMIX, 1 Stove + oven *6 points, 48" IMPERIAL, 1 Griddle IMPERIAL 48",,1 salamander WOLF 48", 2 Fryers DEAN, gas. 42 Gallons, 1 Microwave, 1 Empanada maker Machine, 1 bread slicer manual, 1 grease trap (under counter) 36x24x24, Fire system + sprinkles, 1 Fire extinguisher for fire system, 2 Manual fire extinguishers, 1 hand sink, Rack storage, Shelves storage, Water heater and Stainless steal work tables, etc.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2014 | Current Owner: 2013 | Employees: 5 | Seating: 40 | Square Footage: 858 | Parking: 100+ | Licenses Required: ABC 41 (beer/wine), Business, Health lic | Days Open/Hours: 7 Days 11 AM - 9 PM | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $461,595 | Yearly Cash Flow: $69,048 |

LEASE INFORMATION:
Monthly Rent: $2,584 | Lease Expiration: April 30, 2019 | Yearly Adjustment: None | Lease Option: 5 years | Security Deposit: 2,400 |

Property Details

Property Type:

Lease

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