Los Angeles Pizza Restaurant High Volume Location
www.GlobalBX.com
Listing ID:
700374988
Listing Title:
Los Angeles Pizza Restaurant High Volume Location
Quick Link:
http://www.globalbx.com/listing.asp?bId=374988
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 two location pizza chain boasts two well-established high volume locations. As the venues have stellar street visibility in densely populated areas, 20 years of goodwill and proven recipes and the resultant established client base, the businesses do 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. Each location is successful in its own right, and may be sold separately for $65,000 and $45,000.Both of this small pizza chain's locations are slightly less than 1,000 square feet. They lease for $8,200 and $4,300 per month, on leases with 4 year remaining with one 5 year option, the other with 2 years remaining, no options. Each location has a deep fryer, grill, stove and double decker pizza oven, as well as onsite dining for under 20 patrons per location. All of each 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.
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