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#3487
San Fernando Valley

HEART OF ENCINO PIZZA AND PASTA WITH OUTDOOR SEATING

$99,000
Sold
HEART OF ENCINO PIZZA AND PASTA WITH OUTDOOR SEATING
This Listing is Sold

PRIME VENTURA BOULEVARD LOCATION WITH EXCELLENT FOOD AND AMBIANCE

Established in 2000 on Hollywood boulevard, this successful venture moved to the San Fernando Valley in late 2010 to continue the legacy.  The Hollywood location was voted top pizza several years running and the Encino location uses the same family recipes.   The  Cafe is located in the heart of the Encino financial district and walking distance from from an affluent high density residential neighborhood.

Extensive work was done to this storefront location inlcuding a hood system, grease trap and extra gas lines for future equipment expansion.  East Village (New York) charm is the theme with bright red and white used throughout the interior and the quaint outdoor patio.

Ilness forces sale and the owner is eager to retire and welcomes all reasonable offers.

ELITE 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:
exp November 2014 + 5 year option
Total Monthly Rent:
$1,800
Security Deposit:
$1,650

Operations

# of Full-Time Employees:
2
# of Family Employees:
2
Hours Open:
9am to 9pm 7 days per week
Year Established:
2010
Hood System Type 1:
Yes

Facilities

Indoor Seating:
16
Outdoor Seating:
6
Inside Sq. Ft.:
667
Outside Sq. Ft.:
50

Highlights

  • NEW YORK STYLE PIZZA IN PRIME ENCINO FINANCIAL DISTRICT
  • Concept has been in business for over 10 years and 1 year current location
  • High traffic , high visisbility on Ventura Blvd.
  • Low Low Low $1650 per month rent
  • Seller says location approved for Beer and Wine
  • All family recipes included
  • All equipment new and fully operational
  • Seller says to bring all reasonable offers

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 15,044 178,304 425,973
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,552 66,726 155,365
2010 Persons Per Household 2.57 2.54 2.62
Median House Value $1,000,000 $574,800 $581,272
Income Per Household $132,520 $64,598 $66,527
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 3,128 10,340 16,648
2012 Number Of Employees 52,292 185,856 307,902
2012 Total Annual Payroll $1,651,283,000 $4,294,967,295 $4,294,967,295

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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