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Long Beach, CA

  • Listing Number: 234-21599

    Category: Food - Fast Food

Asking Price $150,000
Down Payment $15,000
Equipment / Fixtures $40,577
Year Established 2018
General Location Long Beach, CA
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The like-new (2019) assets of this business is being offered at $150,000, which is a fraction of the equipment and startup costs. Located in The Hanger, a 17,000 square-foot structure reminiscent of an aviation hangar of the McDonnell Douglas/Boeing days long past when military and commercial aircraft were constructed on the site. The space is home to 14 small, artisanal food vendors and boutique retailers. Located within the Long Beach Exchange, or LBX, which is located at the southwest corner of Lakewood Boulevard and Carson Street near Long Beach Airport with close proximity to the 405 Freeway. Long Beach Exchange is a dynamic, experiential retail and dining destination within the Douglas Park planned development in Long Beach. Opened in the Spring of 2018 LBX encompasses approximately 266,000 square feet of stores, shops and restaurants on more than 26 acres, including two acres of communal open space for the public to enjoy.

The current business name and the proprietary menu is not being offered with the sale, however, if the buyer chooses to continue the same concept with new branding, the sellers are willing to share non-proprietary information like product sourcing and general food preparation practices. The buyer is welcome to convert to their own concept - pending landlord approval.

This is an asset sale that includes over $30,000 of equipment, approximately $200,000 of modern buildout, and the lease assumption. Approval by the landlord is a condition of the sale.

To learn more about this business, please submit your information using the CONTACT FORM. You will receive a link to the NDA. Please check your SPAM folder. Once you complete the NDA, you will receive a link to the information memorandum. This process is automatic, so if you don't get something back from us quickly, please call me. I will make sure you don't miss out on this opportunity.
 

Listed Price
$150,000
Down Payment
$15,000
Base Rent
$4,650
Square Feet
1065
Total Rent
$9,495
Lease Expiration
08/2025
Rent Deposit
$3,956
Lease Options
1 option, 5 years
Inventory
$10,800
Leasehold Improvements
233347
Equipment / Fixtures
$40,577
Training Period
3 Weeks
Part-Time Employees
17
Reason for Selling
Focusing on family

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.

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