Italian Restaurant
Location:
United States
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California
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Southern California - Los Angeles Area
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Burbank
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)
Business Summary
Italian restaurant with beer & wine License. Located on a busy street in the Burbank area. There has been a restaurant at this location for over 20 years. Current owner extensively remodeled it and opened as an Italian restaurant one year ago. Tremendous upside potential due to established businesses and residences in the area. Owner does catering as well. Restaurant is licensed for 49 seats, all inside. Owner opened this location under a license of another well-known restaurant established 44 years ago. So the business model is well tested and proven! Restaurant opens M-F 11:30am to 10:00pm, Saturday 11:30am to 11:00pm and Sunday 4:00pm-10:00pm. Current revenue is $30K/month and net profit is $6K/month. Price is $175, 000. Email or contact Rashid Khalid at (818) 342-5222 ext 324 for more information on this Italian Restaurant for sale.
Financials
Asking Price Range: < $250K
Gross Revenues:
$360,000
Cash Flow:
$72,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $128,000
Seller Financing: No
About The Business
Year Established: 1986
Number of Employees: 1 - 3
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: 2 weeks at 40 hours per week following the close of escrow.
Reason For Selling: Other interests.
Click on the "I'm Interested" button above for more information on this Food and Beverage > Restaurants and Fast Food (Non-Franchise) business for sale.
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Print Listing Id: 70085743
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