#915
San Fernando Valley Restaurants For Sale

Los Angeles Italian Restaurant For Sale

$89,000

ASSET SALE, drastically reduced for a fast sale. Established Italian Restaurant with Beer and Wine, plus Catering Service. This Restaurant comes with a History of over 50 Years. The original founder, a full blooded Italian, was known for his animated-approach to life that caught the eyes of many Hollywood personalities and landed him appearances on "I Love Lucy and Ed Sullivan Shows." The facility is 2,250 Square Feet with seating of 60+ guests inside and is located on a high traffic corner strip-mall, with plenty of parking. The Lease is very low, base rent is $2,200 plus NNN with 2.5 Years remain and one 5 Year option. Seller is motivated due to relocating out of State. For more information and photos, select one of the orange buttons below and register. When you register you also get the address and priority notification via e-mail of all new listings.

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:

San Fernando Valley Restaurants For Sale

Lease Term:

Expires May 31, 2010 + 5 Year option

Total Monthly Rent:

$2,200

Security Deposit:

$2,500

Operations

Liquor License:

# of Full-Time Employees:

# of Part-Time Employees:

# of Family Employees:

Hours Open:

11:30 AM to 09:30 PM
Closed Mondays

Year Established:

1950

Hood System Type 1:

Yes

Facilities

Indoor Seating:

Inside Sq. Ft.:

2,250

Highlights

PRICE REDUCED, ASSET SALE
2,250 SQ. FT. facility with very low rent lease
Seller motivated, moving out of State
Strip Mall in High traffic Area
Good Catering Business
Beer & Wine License
Full Hood System
Established Italian Restaurant
Fully Loaded Kitchen with Pizza Oven
Nicely Decorated and Clean

Financing

Will SBA Finance:

Will Seller Lend To Buyer:

Demographics

Population	1-mi.	3-mi.	5-mi
2014 Total Population	61,531	122,615	356,756
Households	1-mi.	3-mi.	5-mi
2010 Number Of Households	15,455	33,506	103,150
2010 Persons Per Household	3.67	3.48	3.37
Median House Value	$301,100	$323,988	$377,189
Income Per Household	$55,495	$59,617	$63,664
Businesses	1-mi.	3-mi.	5-mi
2009 Number Of Businesses	771	1,715	6,964
2012 Number Of Employees	36,724	73,060	247,428
2012 Total Annual Payroll	$845,479,000	$1,758,593,000	$4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it. In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business. Owning a business is a risky venture, but can also be a rewarding one. The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.