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 Info

  • OrganizationContact For Info
  • Established2014
  • Current Owner2013
  • Employees5
  • Reason For SaleOther Interests

Facilities

  • Seating40
  • Square Feet858
  • Parking100+
  • LicensesABC 41 (beer/wine), Business, Health lic
  • Open Hours7 Days 11 AM-9 PM

Lease

  • Rent$1,971
  • ExpirationApril 30, 2019
  • Yearly IncreaseNone
  • Option5 years
  • Deposit$2,400

Financials

  • Monthly Revenue$76,291
  • Monthly Cash Flow$6,357
  • Annual Revenue$461,595
  • Annual Cash Flow$76,291
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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