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#3542
San Fernando Valley

Gourmet Pizza Restaurant in Beautiful Area

$65,000
Sold
Gourmet Pizza Restaurant in Beautiful Area
This Listing is Sold

This Gourmet Pizza Restaurant has been in business for over 19 years. It sits in a high traffic location in one of L.A.s most desirable neighborhoods to live and a place where restaurants don't come on the market very often. Sitting in the dinning room and look at the beautiful mountain views in this tranquil community.

Current owner purchased the restaurant and made some very nice improvements, but was looking for an absentee ownership as he has other obligations and this business though being established a long time needs an owner operator to have hands on to rebuild business to level it was prior to the recession and prior owners lack of interest in business kept cutting hours that people were not sure when they were or weren't opened and the business needs to be reestablished in community.

Restaurant NOW has beautiful web site for easy internet ordering, facebook page, new computer POS system, dinning room furniture, large screen TV's, ETC.

Now it needs an owner to spend the time to reconnect to this high income community and bring back the ambiance the community desires. The loyal customer base combined with an owner with energy and vision can bring this to new highs.

You can grow the business by extending the hours of operation to capture the lunch business and offer better delivery service as well and this could once again become a gold mine establishment.

Add Beer and Wine and further increase your business clientele and sales.

This is a Paramount Restaurant Brokers, Inc. Listing

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
San Fernando Valley
Lease Term:
June 1 2016 + 5 yr option
Total Monthly Rent:
$3,495
Security Deposit:
$2,941

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
2
Hours Open:
11AM -9PM 7 days
Year Established:
1992
Hood System Type 1:
Yes

Facilities

Indoor Seating:
12
# of Parking Spots:
lots
Inside Sq. Ft.:
1307

Highlights

  • Gourmet Pizza Restaurant
  • Established 19 years
  • Loyal Following
  • Beautiful Area and Community
  • High Traffic Location
  • Nicely Maintained Shopping Center
  • Web Site for online ordering

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 20,753 127,721
Households 3-mi. 5-mi
2010 Number Of Households 6,859 45,472
2010 Persons Per Household 2.95 2.75
Median House Value $1,000,000 $651,548
Income Per Household $156,557 $89,564
Businesses 3-mi. 5-mi
2009 Number Of Businesses 654 3,170
2012 Number Of Employees 11,742 62,600
2012 Total Annual Payroll $211,764,000 $1,216,794,000

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("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, foreward 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.

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