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Prime Pine Ave-promenade Area Downtown Long Beach Restaurant-abc Type 47, $1.2m Annual Sales-patio

Long Beach, California : Restaurants
Listing #2797

Prime Pine Ave-promenade Area Downtown Long Beach Restaurant-abc Type 47, $1.2m Annual Sales-patio RRC#: 2797 Asking Price: $350,000 Location: Long Beach, Los Angeles County, California Yearly Revenue: $1,200,000 Yearly Cash Flow: Contact For Info Monthly Rent: 15700 gross LISTING DESCRIPTION: Nestled in the heart of Long Beach's downtown dining and entertainment area, with a full liquor license makes this restaurant the perfect choice for a busy restaurant or brewery/bar. The building, built in 1924, is filled with character, high ceilings and old world charm. Serving hip cocktails, craft beers, appetizers, burgers, salads, flat breads, steak/fish and happy hour specials. With 6500 sq. ft, plus patio, the restaurant seats 165 inside and 60 on the patio with separate bar area indoors, a private dining room for 30 people and large main dining area with bench seating the length of the room with attractive chandeliers and wall sconce lighting. The restaurant offers a 35 foot granite bar, with table seating in the bar, 12 TV's, sound system, new POS system with 5 terminals, a 16 camera security system, private office and downstairs walk in beer cooler and storage. The bar features 5 jockey boxes, 2 triple sinks and 2 triple door under counter refrigeration units, separate bus and beverage stations. There are 2 ADA bathrooms with multiple stalls in each. Large kitchen features: 18 ft hood, 2 Imperial ranges with 6 burners each, double fryer, salamander, 4 ft Kebab grill, stacking double convection ovens, 2-6 ft. refrigerated prep stations double sided, large ice machine, large walk-in freezer, walk-in cooler, metro racks, s/s tables, employee lockers. Other furnishings include, cocktail tables, bar stools, dining tables/chairs, patio tables/chairs and patio heater. ABC TYPE 47 and 58 catering licenses. Lots of character inside/out. GENERAL INFORMATION: Organization: Corporation | Year Established: 2010 | Current Owner: 2010 | Seating: 165 inside 60 patio | Square Footage: 6500 plus patio | Parking: street and parking lot next door | Licenses Required: City Business License, ABC, Health Dept. | Days Open/Hours: Mon-Thurs 5pm - 10pm, Fri/Sat 5pm-2am | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $1,200,000 | LEASE INFORMATION: Monthly Rent: 15700 gross | Lease Expiration: 2020 | Lease Option: 2- 5 year options |

Asking Price:

$350,000

Gross Income:

$1,200,000

(last 12 months)
Cash Flow:

Undisclosed

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Prime Pine Ave-promenade Area Downtown Long Beach Restaurant-abc Type 47, $1.2m Annual Sales-patio

RRC#: 2797
Asking Price: $350,000
Location: Long Beach, Los Angeles County, California
Yearly Revenue: $1,200,000
Yearly Cash Flow: Contact For Info
Monthly Rent: 15700 gross

LISTING DESCRIPTION:
Nestled in the heart of Long Beach's downtown dining and entertainment area, with a full liquor license makes this restaurant the perfect choice for a busy restaurant or brewery/bar. The building, built in 1924, is filled with character, high ceilings and old world charm. Serving hip cocktails, craft beers, appetizers, burgers, salads, flat breads, steak/fish and happy hour specials. With 6500 sq. ft, plus patio, the restaurant seats 165 inside and 60 on the patio with separate bar area indoors, a private dining room for 30 people and large main dining area with bench seating the length of the room with attractive chandeliers and wall sconce lighting. The restaurant offers a 35 foot granite bar, with table seating in the bar, 12 TV's, sound system, new POS system with 5 terminals, a 16 camera security system, private office and downstairs walk in beer cooler and storage. The bar features 5 jockey boxes, 2 triple sinks and 2 triple door under counter refrigeration units, separate bus and beverage stations. There are 2 ADA bathrooms with multiple stalls in each. Large kitchen features: 18 ft hood, 2 Imperial ranges with 6 burners each, double fryer, salamander, 4 ft Kebab grill, stacking double convection ovens, 2-6 ft. refrigerated prep stations double sided, large ice machine, large walk-in freezer, walk-in cooler, metro racks, s/s tables, employee lockers. Other furnishings include, cocktail tables, bar stools, dining tables/chairs, patio tables/chairs and patio heater. ABC TYPE 47 and 58 catering licenses. Lots of character inside/out.

GENERAL INFORMATION:
Organization: Corporation | Year Established: 2010 | Current Owner: 2010 | Seating: 165 inside 60 patio | Square Footage: 6500 plus patio | Parking: street and parking lot next door | Licenses Required: City Business License, ABC, Health Dept. | Days Open/Hours: Mon-Thurs 5pm - 10pm, Fri/Sat 5pm-2am | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $1,200,000 |

LEASE INFORMATION:
Monthly Rent: 15700 gross | Lease Expiration: 2020 | Lease Option: 2- 5 year options |


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