Los Angeles Pizza Restaurant High Volume Location
www.GlobalBX.com
Listing ID:
700344895
Listing Title:
Los Angeles Pizza Restaurant High Volume Location
Quick Link:
http://www.globalbx.com/listing.asp?bId=344895
Industry:
Food and Beverage
Industry Segment:
Restaurants and Fast Food (Non-Franchise)
Country:
United States
State / Province:
California
Area
Southern California - Los Angeles Area
City:
Los Angeles
Asking Price Range:
< $250K
Gross Revenues:
$850,000
Cash Flow:
$97,480
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1999
Number of Employees:
10 - 19
Business Description:
This semi-absentee operated pizza restaurant boasts a well-established high volume location. As the venue has stellar street visibility in a densely populated area, 20 years of goodwill and proven recipes and the resultant established client base, the business does not engage in either active or passive advertising or marketing efforts. This translates to significant potential upside for a full-time working owner operator who also acts as a general manager to save payroll expenses, perform rigorous quality control ensure top quality customer service and the highest possible average ticket sale, and actively maximize revenues and profits with the established client base as well as new area residents, employees, commuters and visitors.
Asking price: $125,000
This 950 square foot facility leases for $8,200 per month, on a lease with 4 years remaining with a one 5 year option. This restaurant has a deep fryer, grill, stove and double decker pizza oven, as well as onsite dining for under 20 patrons. All the business's furniture, fixtures, equipment and goodwill including name, numbers, menu and recipes will transfer in the sale. Approximately $4,000 in inventory per location will be sold at cost at close in addition to purchase price.
While competition exists for all segments for dine-in, take-out and pizza delivery, this independent brand has been established in the Greater Los Angeles area for over 20 years. Its pizzas, pastas, sandwiches and appetizers have been customer embraced by area residents, commuters and the large employment centers near each location. As a result, the brand has built a loyal following that continues to contribute to its stable revenue base.
As this venue has been semi-absentee managed for nearly a decade, yet boasts a fantastic street exposure and name recognition, management does not invest in advertising or marketing.
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