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1501 Hermosa Avenue

Hermosa Beach, CA 90254
  • $950,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: SB22105517
UPDATED: 38 min ago
$950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:

School Ratings & Info

Listing Agent(s): L'mar Kojani of Keller Williams Beach Cities (310-939-9300) and Nancy Roman Alpough of ()


Description

Established Restaurant, yet excellent growth potential. Fantastic Hermosa Beach Location!Extremely rare opportunity to own an established and profitable business. It is a beautiful, upscale restaurant, but can be described as affordable. It is located just one block from the beach in a thriving beach community. The restaurant has an excellent reputation in the community, having received numerous awards for its consistently delicious and fresh food and excellent service. The atmosphere is open and extremely bright with all the natural light from its windowed, busy main street corner location. The seating capacity is 60, 38 inside and 22 outside for customers to enjoy the incredible location. This restaurant has thrived at this location for 17 years, yet still offers an experienced operator the opportunity to grow revenues. The restaurant is located across the street from a new hotel, and hours of operation can be expanded to lunch and dinner and to 7 days a week, an excellent opportunity for growth in revenue, staffing and clientele. The existing rent is very reasonable, and all equipment is owned free of debt and is included in the sale. The current owner is willing to consult the new owner throughout the transition. A key employee or two are willing to stay on with the new ownership indefinitely.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-01T12:31:54.097. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/128860687
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1501 Hermosa Avenue Hermosa Beach, CA 90254

  • Price: $950,000
  • Status: Active
  • On Site: 43 Days
  • Updated: 38 min ago
  • ID#: SB22105517
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
148 - Hermosa Bch Sand
County:
Los Angeles
Area:
148 - Hermosa Bch Sand
Property Description
Established Restaurant, yet excellent growth potential. Fantastic Hermosa Beach Location!Extremely rare opportunity to own an established and profitable business. It is a beautiful, upscale restaurant, but can be described as affordable. It is located just one block from the beach in a thriving beach community. The restaurant has an excellent reputation in the community, having received numerous awards for its consistently delicious and fresh food and excellent service. The atmosphere is open and extremely bright with all the natural light from its windowed, busy main street corner location. The seating capacity is 60, 38 inside and 22 outside for customers to enjoy the incredible location. This restaurant has thrived at this location for 17 years, yet still offers an experienced operator the opportunity to grow revenues. The restaurant is located across the street from a new hotel, and hours of operation can be expanded to lunch and dinner and to 7 days a week, an excellent opportunity for growth in revenue, staffing and clientele. The existing rent is very reasonable, and all equipment is owned free of debt and is included in the sale. The current owner is willing to consult the new owner throughout the transition. A key employee or two are willing to stay on with the new ownership indefinitely.
Exterior Features

Sign On Property YN No

Property Features

Additional Parcels YN No Business Type Restaurant Lease Assignable YN Yes Lease Renewal Option YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Total Actual Rent 5000



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-01T12:31:54.097. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): L'mar Kojani of Keller Williams Beach Cities (310-939-9300) and Nancy Roman Alpough of ()