Long Beach Staple Restaurant & Bar, The Prospector, Hits The Market for $2.5M

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Long Beach Staple Restaurant & Bar, The Prospector, Hits The Market for $2.5M

Since the 1960’s, the widely-known and loved steakhouse, Haskell’s Prospector, or better known as The Prospector, has served the city of Long Beach. The property has been recently listed at $2.5M by Lauren J. Coombs and Chris Livingston with First Team Real Estate. The historic Long Beach bar and restaurant’s owner, Luis Lemus, is hopeful that the next owner will carry on the tradition and turn the property into a place where people can gather and create memories that will last a lifetime. 

Lemus has been the owner of The Prospector for the last 33 years, proving that hard work and determination reaps its rewards. Planning on retiring upon the sale of his restaurant, Lemus has lived the American dream. Hailing from Mexico, he came to the United States with family in the Spring of 1977 and resided with a brother of his. Shortly after, Lemus found himself working at a plethora of jobs including at a hamburger restaurant and a bakery. Eventually, he landed a job at Haskell’s Prospector as a dishwasher; little did he know his legacy would carry on for more than 30 years. Working as a dishwasher, Lemus began helping more in the kitchen which led to management bringing him up to a cook; As he put it, he had a self-admitted displeasure of working at the restaurant and bar but “got used to it.” Slowly turning the kitchen into his own, Lemus continued to move up in the ranks and went on to become owner. The story of Luis Lemus is a testimony that anyone can achieve their goals through endurance and persistence. 

Located off of 7th street, this iconic restaurant and bar is the perfect place for business. Less than a mile from Junipero Beach, there is a constant flow of people who are looking for a bite to eat, or are Long Beach natives who want to keep the tradition alive and go down to the local and world-famous hot spot and enjoy the ambiance. With The Prospector being one of the last remaining dive bars in Long Beach, its legacy lives in the hearts of the people of Long Beach. From young to old, from listening to punk rock on Swanky Tuesdays, to going out for drinks on the weekends, the memories that have been made are cherished by many.

With the listing price sitting in the multi-millions, the new owners will get the key to the emerald of the LBC with a number of amazing amenities, and if in the right hands, a profitable business. This is the chance of a lifetime to own the historic restaurant and bar business along with the three parcels of quality real estate that the business and an SFR reside on. Type 47 ABC license which includes generous entertainment provisions is included in the sale along with all the FF&E. Recent upgrades to the kitchen include new equipment, and both buildings have new roofs and HVAC systems. The Long Beach landmark is the perfect place to host parties and and includes customer parking. The time to carry on a tradition and create something of your own is now. If you have a question or are interested in learning more about the goldmine please visit https://prospectorlb.com/ or contact Lauren J. Coombs @ 562-212-2879 or Chris Livingston @ 562-726-4056.

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