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Incredible Timing - High End Steakhouse Available in the South Bay!
South Bay

Absolutely stunning High-End Steakhouse complete with Gorgeous Buildout, State of the Art FF&E, and a Liquor/Wine Inventory List to die for – all included in the sales price! Opened in 2020, this one-of-a-kind restaurant weathered Covid to emerge as one of the premier upscale steakhouses in a renowned Los Angeles beach city. The current owners spared no expense building out the space, hiring top notch personnel, and sourcing choice ingredients that all accommodate a true fine dining experience. The business has become a fixture of the community, entertaining numerous repeat steak lovers eager for a tantalizing escapade. The sizable annual gross revenue is undeniable, and now the opportunity is ideal for a new owner to put their personal stamp on marketing and operations for a more robust net at the end of each year. Or, a buyer could take advantage of the equipment and inventory, ushering the dining adventure in an entirely different direction. The sale also includes a 47 Liquor License, not to mention the mile long wine and booze inventory that comes along with it! Hundreds of organic Google and Yelp reviews are at a 4.6 and 4.7 rating respectively, proving the quality and IP are all there. The current sellers have achieved their dream of operating a fine dining eatery, and they are seeking other business opportunities, much to the benefit of a buyer with their sights set on a special location to wine and dine upscale clientele. General Manage yourself or operate as an Absentee owner. Either way, inquire now!

Listing Number:

23491

Category:

Food - Restaurant,Service - Personal B2C

Location:

South Bay
$625,000

Financial Information:

Gross Revenue:

$3,077,330

Listed Price:

$625,000

Down Payment:

$0

Total Income:

$0

Year Established:

2020

Lease Information:

Square Feet:

5480

Total Rent:

$19,974

Lease Expiration:

01/2029

Lease Options:

3 & 5 years

Asset Information:

Leasehold Improvements:

$1,400,000

Equipment / Fixtures:

$459,600

Inventory:

$144,825

Other Assets:

Supplies $2,000

Additional Information:

Full-Time Employees:

10

Part-Time Employees:

41

Special License Required:

47 Liquor License

Contract Staff:

0

Training Period:

30 days

Reason for Selling:

Pursuing Other Business Interests

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First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker, Terms of Use before responding to any ad.

brokerPhoto
Aaron Pfeffer
Office: | Cell: (323) 306-3296
License #: CA DRE #01781265

By clicking the button, you agree to First Choice Business Broker Terms of Use and Privacy Notice

brokerPhoto
Aaron Pfeffer
Office: | Cell: (323) 306-3296
License #: CA DRE #01781265

By clicking the button, you agree to First Choice Business Broker  Terms of Use and Privacy Notice

A red and white logo for first choice business brokers
Incredible Timing - High End Steakhouse Available in the South Bay!
South Bay

Listing Number:

23491

Category:

Food - Restaurant,Service - Personal B2C

Location:

South Bay

Listed Price:

$625,000
brokerPhoto
Aaron Pfeffer
Office: | Cell: (323) 306-3296
License #: CA DRE #01781265
Absolutely stunning High-End Steakhouse complete with Gorgeous Buildout, State of the Art FF&E, and a Liquor/Wine Inventory List to die for – all included in the sales price! Opened in 2020, this one-of-a-kind restaurant weathered Covid to emerge as one of the premier upscale steakhouses in a renowned Los Angeles beach city. The current owners spared no expense building out the space, hiring top notch personnel, and sourcing choice ingredients that all accommodate a true fine dining experience. The business has become a fixture of the community, entertaining numerous repeat steak lovers eager for a tantalizing escapade. The sizable annual gross revenue is undeniable, and now the opportunity is ideal for a new owner to put their personal stamp on marketing and operations for a more robust net at the end of each year. Or, a buyer could take advantage of the equipment and inventory, ushering the dining adventure in an entirely different direction. The sale also includes a 47 Liquor License, not to mention the mile long wine and booze inventory that comes along with it! Hundreds of organic Google and Yelp reviews are at a 4.6 and 4.7 rating respectively, proving the quality and IP are all there. The current sellers have achieved their dream of operating a fine dining eatery, and they are seeking other business opportunities, much to the benefit of a buyer with their sights set on a special location to wine and dine upscale clientele. General Manage yourself or operate as an Absentee owner. Either way, inquire now!

Financial Information

Gross Revenue:

$3,077,330

Listed Price:

$625,000

Down Payment:

$0

Total Income:

$0

Year Established:

2020

Lease Information

Square Feet:

5480

Total Rent:

$19,974

Lease Expiration:

01/2029

Lease Options:

3 & 5 years

Asset Information

Leasehold Improvements:

$1,400,000

Equipment / Fixtures:

$459,600

Inventory:

$144,825

Other Assets:

Supplies $2,000

Additional Information

Full-Time Employees:

41

Part-Time Employees:

41

Special License Required:

47 Liquor License

Contract Staff:

0

Training Period:

30 days

Reason for Selling:

Pursuing Other Business Interests

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

The information in this listing has been provided by the business seller or representative stated above. First Choice Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.


Read First Choice Business Broker,
Terms of Use before responding to any ad.

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