Beachside Restaurant and Night Club

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Background

BizEx ID:BizEx437-KF
General Location:Hermosa Beach, CA
Category: Restaurant
Bars/Taverns
Years in Business:13
Under Present Owner:6
Hours of Operation:Mon-Sun 5pm-2am
Owner Hours:flexible
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:2018
Lease Options:
Building Size:8,960
Employees:9
Reason for Sale:Moving out of state

Financials

Asking Price:$750,000
Down Payment:Negotiable
Gross Sales:$500,000
Discretionary Cash Flow:Call
FF&E:$250,000
Inventory Included?
Inventory:
Min. Operating Capital:
Real Estate Available?No
Rent:$18,537
Payroll:$8
Financing:Call




Kendric Foultz
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 102
Direct: (310) 968-2369
Lic#: 01376005

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations