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#1810
Los Angeles Restaurants For Sale

Italian Restaurant For Sale in Covina

$140,000
Italian Restaurant For Sale in Covina
This Listing is Expired
BRING YOUR OFFER!! Selling Restaurants asks..."Have you been looking for a family operated restaurant to purchase?" Well, look no further, here it is!! Now located in the City of Covina, L.A. County, this cozy little neighborhood restaurant was first started many years ago, in Hollywood, CA next to Capitol Records, where they began serving everyone, from local neighborhood families to international music stars, delicious authentic Italian food. In 1999 they moved the business to its present location, where they continue to delight guests with that same wonderful authentic food, prepared and cooked from old family recipes!

Now comes the best part; rent is only $900 per month including CAM with 5 years left on the lease! The seller states, sales are $500 to $700 a day, buyer is to confirm such, as SellingRestaurants does not verify. They have a loyal repeat customer base to draw from, with quality food, great service and value pricing. Sales and profits could be increased by simply advertising and offering local home and business pizza delivery.

Seller is retiring and moving back to Italy, but will teach and train the new owner to insure the new owner's success. Don't wait, this is your chance to own a restaurant with low rent and overhead.
Click on one of the orange buttons below, register at no cost, and receive the address location and more photos. Also you will be considered a 'preferred buyer' and receive any new listings or price reductions first, before they are released to the general public.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Los Angeles Restaurants For Sale
Lease Term:
expires 2014
Total Monthly Rent:
$900

Operations

# of Family Employees:
3
Hours Open:
Mon to Thur 11 to 8
Fri & Sat 11 to 9
Closed Sunday
Year Established:
1994
Hood System Type 1:
Yes

Facilities

Indoor Seating:
34
Outdoor Seating:
3
Inside Sq. Ft.:
900

Highlights

  • Great Rent! Only $900 Per Month!
  • Local Neighborhood Restaurant!
  • Same Location For The Past 11 Years!
  • Busy Strip Center With Plenty of Parking!
  • Authentic Old Family Recipes!
  • Owner Will Train to Help You Succeed!
  • Owner Retiring, Make An Offer!

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 18,838 114,671 470,272
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 6,296 35,119 128,948
2010 Persons Per Household 2.86 3.15 3.57
Median House Value $367,300 $390,257 $347,478
Income Per Household $61,348 $69,154 $63,642
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 668 2,179 8,064
2012 Number Of Employees 18,630 58,250 266,998
2012 Total Annual Payroll $313,339,000 $984,630,000 $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.

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