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#3777
Pasadena Restaurants For Sale
Los Angeles Restaurants For Sale

27 Years of Neighborhood Italian Cuisine Now Selling

27 Years of Neighborhood Italian Cuisine Now Selling
This Listing is Expired

Rare Opportunity To Own a Long Established & Profitable Business

Opened 1985, this neighborhood Italian restaurant has been home to thousands of customers. Many in the neighborhood have grown up here and they keep coming back for the delicious food, the friendly atmosphere and now they are bringing their kids.

Own a piece of Southern California history and continue the tradition.

The restaurant is large enough to host weddings, corporate events and private parties, your guests are already in place. No need to find these happy customers, like a lot of restaurants. This is a high volume and high profitable restaurant with recipes and staff aleady in place.

The sale includes a 41 License along with authentic recipes and a long book of business.

Owned by two partners-one is retiring. Both  want to make sure this restaurant continues with a strong operator. The lucky buyer will need experience with a restaurant this size and a willingness to move this tradition forward while adding their own twist.

Favorable lease ending in 2017. Owners on very good terms with landlord and claim more options should not be an issue.

Sellers not willing to carry, but will include training as part of the sale.

A The Heim Group, Inc. Listing

This is a Business Intermediaries, Inc. listing.
Broker Chuck Machado DRE License #01899280

Lease

Region:
Pasadena Restaurants For Sale
Los Angeles Restaurants For Sale
Lease Term:
W Options Ends 4-30-2017
Total Monthly Rent:
$7,962
Security Deposit:
$2,590

Financials

Last Year's Annual Gross:
$2,187,673
Last Year's Owner's Cash Flow:
$342,683
Last Year's Food Cost %:
36
Last Year's Payroll Cost %:
35
Last Year's Rent %:
4

Operations

Liquor License:
41
# of Full-Time Employees:
11
# of Part-Time Employees:
39
Hours Open:
Mon-Sat 11AM - 3:45 PM Lunch
Mon-Thurs 4PM - 9 PM Dinner
FR-Sat 4PM - 10PM Dinner
Sun 11AM - 9PM Dinner
Year Established:
1985
Hood System Type 1:
Yes

Facilities

Indoor Seating:
70
# of Parking Spots:
150
Inside Sq. Ft.:
4,550

Highlights

  • Family Italian Restaurant For sale
  • Authentic Home Made Italian
  • Established & Profitable Italian Restaurant
  • Neighborhood Italian Food Now Selling
  • Generations of Customers Leave Happy
  • Your Chance To Own a Piece of Tradition
  • Italian Food, Weddings, Corporate Events
  • Own a Profitable Italian Restaurant
  • Family Recipes Make This Italian Concept a Winner
  • Open 7 Days Delicious Italian Cusine

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 24,646 109,886 291,446
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 8,376 37,951 87,902
2010 Persons Per Household 2.94 2.87 3.19
Median House Value $373,800 $441,955 $382,954
Income Per Household $66,880 $76,620 $67,231
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 638 2,672 5,752
2012 Number Of Employees 20,506 70,310 179,344
2012 Total Annual Payroll $358,147,000 $1,382,555,000 $3,481,437,000

click for more demographic info

Disclaimer

DISCLAIMER: The User (that's you reading this) of this Website understands that Business Intermediaries, 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 addition to seeking professional advice from an attorney as well as a CPA.  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 (if included in the sale), 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. In most cases, the Broker represents the Seller who is our principal, but the Broker owes the User a duty of fair and honest dealings.  Any decision by User to purchase the Business shall be based solely on User's own investigation and the 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 and User should often review the listing on the website to keep up to date.

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