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#1241
San Fernando Valley Restaurants For Sale

Los Angeles Italian Restaurant for Sale, Over 25 Years Same Location!

$250,000
Los Angeles Italian Restaurant for Sale, Over 25 Years Same Location!
This Listing is Expired
This is a steal! The asking price has just been reduced to $250,000! This Restaurant, which has been in the same location for over 25 years, is in the City of Diamond Bar, on the Eastern side of L.A. County, and is considered the finest upscale Italian Style Ristorante in the area. The moment you walk in you're impressed with the warmth of the rich interior, elegant table settings and mood lighting. The ambiance is only surpassed by the delectable award winning menu and first class service. This landmark restaurant is located on a major boulevard with full front exposure, which is easily accessible from three major freeways and is also close to several large hotels. For years, it's been the meet, greet and dining location for local residents as well as recording and entertainment artists, city officals, politicians and businessmen. Although currently serving only wine and beer, you could add a full 47 liquor license and easily increase sales and profits another 20% plus. The building has 3050 sq.ft, seating 75 inside with an additional 300 sq. ft of patio seating out front, which can be expanded on the side of the building as well. It has a large, fully equipped kitchen, prep and work area with walk-in refer, dry storage area and wine storage. A fully computerized POS order & sales tracking system is included, along with a complete surveilance camera system. There is plenty of parking available, with easy access. This would be a great opportunity for a family run operation, i.e. husband and wife team or business partners. Owner is motivated to sell, so bring your offer now!

Take the next step and select the orange button below, register free of charge, and receive more photos and address location. As a preferred buyer, you will also receive periodic updates on new listings and price reductions, 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:
San Fernando Valley Restaurants For Sale
Lease Term:
Dec. 2008 + 5 yr + 5 yr
Total Monthly Rent:
$8,660
Security Deposit:
$7,000

Financials

Last Year's Annual Gross:
$492,692
Last Year's Owner's Cash Flow:
$229,000

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
10
Hours Open:
mon-thurs lunch 11am to 3pm
dinner 5 to 9:30pm
fri-sat dinner 4 to 10:30pm
sun dinner 3 to 9:30pm
Year Established:
1983
Hood System Type 1:
Yes

Facilities

Indoor Seating:
75
Outdoor Seating:
16
Inside Sq. Ft.:
3,050
Outside Sq. Ft.:
300

Highlights

  • Beautiful Fine Dining Italian Restaurant!
  • Established Clientel!
  • In Business Over 25 Years!
  • Relaxing Patio Dining
  • Extensive Menu and Wine Selections!
  • High Check Average!
  • Great Location!
  • Fine Dining Tables & Booths!
  • Wine Bar
  • Base Rent $8,660
  • CAM $1,65

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 48,094 91,243 280,562
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,039 27,930 77,142
2010 Persons Per Household 3.08 3.19 3.50
Median House Value $525,400 $559,462 $419,655
Income Per Household $88,819 $90,113 $69,270
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,277 3,131 7,089
2012 Number Of Employees 23,062 60,442 179,738
2012 Total Annual Payroll $639,292,000 $1,455,928,000 $3,820,740,000

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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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