Long Beach Coastal Bar & Grill – Ideal Visibility w/Flexible Build-Out
Business Description
This Long Beach Coastal bar and grill is located in the city’s most coveted hospitality and entertainment area. The relatively new gastropub boasts fantastic street visibility, outdoor patio and a highly flexible build-out that may be adapted to any number of bar and food driven concepts. The venue is known for its extraordinary liquor and craft beer selection together with its lively, welcoming atmosphere and a menu crated to satisfy foodies and specialty cocktail lovers alike. The seller may consider a $50k seller carry for 3 years.
About the Business
- Years in Operation
- 1
- Employees
- 9
- Facilities & Assets
- This 2,900 square foot venue, with an outdoor patio is ideally located with stellar street visibility and foot traffic, leases for $11,680k per month including triple net expenses on a lease until April 2029 with one 5-year option. All of the business’s furniture, fixtures, equipment, goodwill and Type 47 Liquor License will be included in the sale. An estimated $5k - $10k in inventory will be sold at cost at close.
- Market Outlook / Competition
- This gastropub with Karaoke is located in the heart of one of Long Beach’s bustling culinary scenes. While many area eateries showcase cuisines with ethic flares, this one has mastered the tried-and-true classic customer favorites that are perfect to accompany liquor, beer and wine enthusiasts as well as mixology afficionados. Given the space’s street visibility, outdoor patio, convenient access, flexible layout, spacious kitchen with a walk-in cooler, and new ultra-modern beer tap system this opportunity provides its operator several sustainable comp
- Opportunities for Growth
- New operators will look to maintain the existing concept, or they may capitalize on the operator friendly layout, spacious kitchen, beer tap infrastructure and entertainment entitlements, to rebrand as a new location for an existing chain or to implement an entirely new concept.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,900
- Rent
- $11,680.00 per month
- Lease Expiration
- 4/1/2029
About the Sale
- Seller Motivation
- Personal
- Transition Support
- Seller will train for 2 weeks at 20 hour per week or as negotiated.
- Financing Options
- Seller will consider a secured $50K note over 3 years
Listing Info
- ID
- 2309816
- Listing Views
- 500
Listing ID: 2309816 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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