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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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South Bay Restaurant And Bar - Prime Location

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $575000
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2006
Number of Employees  10 - 19
Inventory  30000
Relocatable  No
Number of Employees  10 - 19
Real Estate  Leased
Training  2 weeks at 20 hours/week.
Reason for Sale  Personal.
Description  This restaurant and bar is located in one of the best locations in the South Bay. With plenty of parking and great access from the greater Los Angeles area, the restaurant has a steady flow of local patrons and is an active location for business lunches and meetings. The venue benefits from excellent street visibility and complementary neighbors, both of which generate a formidable customer base. While the current owner will retain the name with them, new owners may seek to develop a similar menu or change the concept completely or re-launch another similar one. Asking Price $120,000. The 2,300 sq. ft. restaurant and bar leases for $9,100 per month with a lease through July 2014, plus two (2) additional five-year options. With seating for approximately 60 patrons, the business has a full kitchen with all of the necessary equipment including a deep fryer, 2 grills, oven, stove, dry storage area, walk-in refrigerator and freezer, and plenty of parking. This restaurant and bar is located on a major thoroughfare in the South Bay. As such, there is strong competition; however its excellent parking and street access are hard to match. This venue could be taken in any direction. A new owner could capitalize and improve on the success of the current concept, modify it slightly to increase alcohol sales, or use the ideal location to launch an entirely new concept. The current owner has put little attention on alcohol sales and is yet to fully utilize its valuable entitlement.
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