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29432904

Restaurant with a Full Bar

Dunes Advisors
Listed by Dunes Advisors
$179,000
127 days on market
Updated 61 days ago
Details
Property Type Business for Sale, Retail
Sub Type Bar, Restaurant
Square Footage 2,700
Lease Type NNN
Lease Expiration 12/30/2027
Remaining Term 1.6
Year Built 2006
Year Renovated 2023
Zoning Restaurant(Buyer to Verify)

Business for Sale | 2,700 SqFt

Marketing description

Surrounded by thousands of residential units in the heart of Downtown Long Beach, this 20 year Bar & grill sits in a prime spot for foot traffic and local business. It’s the perfect neighborhood destination to catch the game on one of the many TVs, enjoy an adult beverage, and choose from a well-crafted menu with something for everyone.

The location was fully remodeled in late 2022 and early 2023, with over $125,000 invested in upgrades — from new booths and tables to decorative ceiling tiles and thoughtfully chosen finishes. Every detail reflects quality and care.

Included in the sale is a valuable ABC Type 47 full liquor license, currently valued between $80,000 and $100,000 in Long Beach. With total assets exceeding $165,000, including equipment, furnishings, and inventory, this is an unbeatable opportunity for an owner-operator or investor.

The spacious kitchen offers excellent flexibility — ideal for adding a ghost kitchen, catering service, or other food production concepts.

Why spend $600,000 or more and a year or longer building something similar from scratch? You can buy this turnkey operation for just $274,000 (Price reduced to $199,000) and start generating revenue immediately.

Aggressively priced to sell — offered at the cost of the assets and recent remodel

Investment highlights

  • This location was fully remodeled in late 2022 and early 2023, with over $125,000 invested — and it shows. From the carefully chosen colors and brand-new booths and tables to the decorative ceiling tiles and many other upgrades, every detail was thoughtfully executed.

  • Included among the many assets in this sale is the ABC Type 47 full alcohol license, currently valued between $80,000 and $100,000 in Long Beach. When you factor in the license along with all other included assets — including food inventory you’ll find over $165,000 in total assets included in this sale.

  • From an asset standpoint, you won’t find a better opportunity. With over $150,000 in assets, including the valuable ABC license, and an additional $125,000+ recently invested in renovations, this purchase simply makes sense.

  • Just a few blocks away, you’ll find major attractions such as the Long Beach Convention Center, Aquarium of the Pacific, Shoreline Village, Cinemark and The Pike Outlets, the Queen Mary, and much more!

  • Parking is always a key consideration for any business, especially in a downtown location. In addition to convenient street parking, this business benefits from not one but two parking structures just steps from the front door!

  • Buy this fantastic location for a fraction of the cost to duplicate the space.

  • One of the many amenities of this location is its spacious kitchen, perfectly suited for generating additional revenue streams. It can easily support a ghost kitchen operation or serve as a home base for catering and other food-related businesses that need dedicated kitchen space.

  • One rule most successful businesses follow: "Go where the customers are" Over 1000 high density units are with-in blocks of this location.

  • Don't miss this one! It will go fast.

  • Assets galore included in this sale. Huge Walk-in, Not one, but two Pizza Oven's. ABC full 47 Alcohol license and a ton more!

  • Fantastic online reviews! Google 4.4 Yelp 4.1 Trip Advisor 4.2 Door dash 4.6

  • Restaurant sales in California are over $150B annually.

  • The location can accommodate high volume and the addition of other food concepts if desired. Perfect to add catering or sublet out as a Ghost Kitchen.

  • Seller will consider carrying a note for the right Buyer.

  • Seller will support and train to ensure your success.

  • You could easily spend $600,000 or more building something like this from scratch — plus six months negotiating a lease, another six months getting open, and countless other expenses. Or you can buy this for $229,000 and save big money.

  • Aggressively priced to sell now. Buy for below the cost of assets and the recent remodel cost.

Listing Contacts

Dunes Advisors
Listed by Dunes Advisors

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