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Pizza And Italian Restaurant
Location: United States -> California -> Southern California - Los Angeles Area -> Woodland Hills
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)

Business Summary

Local Neighborhood Italian/Pizza Restaurant! This turn-key restaurant is well suited for an owner-operator chef. The Business is located in a highly visible retail shopping center, off of a busy street with plenty of free parking. The restaurant has a very loyal customer base, as you will see by the generous online reviews. The four star yelp rating continues to drive new business! Current staff is well-trained and cross-trained for various responsibilities. The kitchen has a large four slot pizza oven (Bakers Pride brand), a large walk in fridge, and all the other equipment needed to run a larger restaurant. Seller states monthly gross sales are close to $30,000 and steadily rising. Restaurant is approximately 1,100 SF with seating for approximately 45-50 people. Rent is $2,551 all in. The current lease term expires May 2017 but there should not be any problems getting a lease extension at closing. Seller has begun to increase the catering side of the business with corporate customers, which provides a huge upside and source of growth for any new owner. Seller is retiring and moving out of state. Call or Email Now!

This business has a leased location of 1,100 square feet with a total rent of $2,551. The seller is active in business with 3FT and 9PT employees. Hours of operation are Tuesday-Saturday 11:00am-9:00pm and Sunday 12:00pm-8:00pm. Included in asking price are $5,900 in inventory and $52,600 in Equipment and Fixtures. $13,000 in leasehold improvements.

Asking Price: $85,000


Asking Price Range:  < $250K
Gross Revenues:   $350,000
Cash Flow:   $12,126
Cash Flow Type:  EBITDA
Inventory:  FF&E $52600 & Inventory $5900
Seller Financing:  Not Disclosed

About The Business

Year Established:  2012
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  30 Days
Reason For Selling:  Retirement/Moving out of State

Print Listing Id: 700257476
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