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Waterfront Asian Restaurant w/ Full Sushi Bar & Full Liquor Bar

Long Beach, CA

Seller Financing Available

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Asking Price:$1,500,000
Rent:$16,000/Month
Gross Revenue:$1,750,000
Established Year:2019
Listing ID: 2301278Listing provided by BizBuySell
BUSINESS DESCRIPTION

Waterfront Asian themed restaurant that is currently in full operation with full sushi bar and a WOK cook line and full grill cook line(huge kitchen), 2 fully built out bar areas, Type 47 full liquor license, live entertainment permit with dance floor area with a permitted late night closing on the weekends. Private waterfront space in addition to the 5,000 sq foot restaurant for parties and events up to 100 people. Huge potential with current concept or remodel to suit for new or different concept using existing active licenses and permits.

DETAILED INFORMATION
Location
Long Beach, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,500
Lease Expiration
18/12/2039
Employees
30
Facilities
Fully operational full service restaurant with all the FF&E's. Located at the intersection of PCH and 2nd St, the busiest intersection in the city of Long Beach, ON THE WATER. Turn Key ready or remodel using existing buildout to rebrand.
Competition
Business is located in East Long Beach, one of the most desired locations within the city.
Growth & Expansion
Restaurant has the potential to be a $4m-$6m store within 2 years.
Financing
Owner willing to carry a note on a complete buy or entertain a limited partner.
Support & Training
Experienced local operator willing to train and/or support transition of new ownership for up to 90 days OR willing to entertain a limited partnership which allows for SBA loan programs.
Reason for Selling
Great opportunity with huge upside potential for experienced operator.
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Rod Frontino
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Rod Frontino
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