This Hermosa Beach Area restaurant with great street visibility may be the ideal opportunity for someone seeking to implement their own concept in a highly visible location. The business is located very close to the beach and thrives from the weekend bar-hoppers seeking for a late night meal. The restaurant has seating for approximately 50 persons and includes a full kitchen and versatile dining room that could suit any number of concepts. The business recently obtained a permit and license to serve beer and wine which is extremely difficult to obtain in Hermosa Beach. There is plenty of parking available in the nearby lots, structures and street.
This 1,200 square foot facility rents for $5,900 per month (including CAM) on a lease that expires in 2025 with a 5 year option. The sale includes the furniture, fixtures, equipment and the name, menu and website could be included depending on the offer. Inventory will be sold in addition to the purchase price at cost at close.
Competition is considered to be medium as other restaurants exist in the area, however this location has a significant advantage due to its main street exposure and location at a busy beachside intersection with heavy foot traffic and thousands of vehicles passing by daily.
This business has significant room to grow. A new owner may expand operating hours to capture early morning and lunch crowds, as well as offering delivery and catering.
Training: 2 Weeks at 20 hrs/wk
DealStream.com is an online community for dealmakers with over 100,000 active members in 100 countries.
Our members include entrepreneurs, corporate executives, private equity groups, business brokers, investment bankers, and M&A advisors. They use our website to buy businesses, sell businesses, and expand their professional networks.
If you are looking to buy a company or buy a business, we offer a searchable database with over 15,000 listings of businesses for sale, companies for sale, and franchises for sale. We have a lot of listings for middle market businesses for sale and large businesses for sale.
If you are looking to sell a company or sell a business, you can list your business for sale for free and reach thousands of business buyers and intermediaries.