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This Mediterranean Bar & Grill has a prime location in a major South Bay shopping center. In late 2016 and 2017, the center underwent a huge renovation project and access to the restaurant was restricted by construction and temporary fences. This had a major negative effect on sales with revenue dropping from $1.4MM+ to just over $1MM. The construction is complete now and sales are returning to their former levels – 2018 was up over 2017 by nearly $350,000 and the cash flow more than doubled. The restaurant has a type 47 ABC license and below market rent. The seller is motivated to join his family overseas and has reduced his asking price. (#8621)
Option for 10 years
$11,779 (USD) per annum
Prominent South Bay Location
Owner wants to move out of the country (back home again).
Daily 11:00 a.m.-10:00 p.m.
2 weeks / 25 hours a week
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