Pasadena Restaurants For Sale
Los Angeles Restaurants For Sale
Authentic Italian Restaurant with 22Yrs of Business, Near Two Colleges
Southern California Restaurant In Heavily Trafficed Area Priced To Sell!
Reduced Price by another $7K$ making it a total $37K reduction!!
Ever been to Italy? This is going to send you back to the time you spent there, and if not this is as close as it gets without actually being there. This 22 year old business offers only the best authentic dishes on their menu, but when requested they can make the Fettuccine Alfredo or other Americanized plates. They have limited hours as you would see in Italy, and they are a family restautant. They have earned awards since 1999, and have a large loyal customer base.
They are open for lunch from 11:00-2:30 Tuesday-Friday and for dinner on Tuesday-Saturday from 5:00-9:00. This gives lots of room for growth as they are not open Saturday for lunch, and not at all Sunday's + Monday's.
The aspects of personal, attentive service combined with exceptional food quality is the hallmark of the professional catering talent that is also offered by the owners.
The Restaurant is Equipped with a 41 liquor lisence. So bring on the college students from the nearby colleges!
The restaurant is near not 1 college, but 2 colleges that together service over 17,000 students. If that is not good enough for you how about the fact that they are in close proximity to 2 busy freeways, and there are new Condo's coming into the area.
This is such a great opportunity for the right operator. Run it yourself and expand the hours of operation, and market to the 2 colleges nearby. A smart operator will know the value of having a restaurant in this busy location. Another option is to change the restaurant to your niche and quickly build up its name with all the traffic and nearby places. Add Pizza and delivery to the restaurant to possible increase the sales.
Summary:Award winning, liquor license, amazing authentic italian food, great location, 20 years of builing a solid clientele, hours of operation are currently minimal, and a high trafficed area.
This is not going to last! Don't miss this opportunity!
Broker of Record Rob Tade DRE License #01339409
Lease
Los Angeles Restaurants For Sale
Financials
Operations
Tuesday-Saturday 5:00PM-9:00pm
Facilities
Highlights
- Great for family run business
- Loyal customer base
- Next to Busy street
- Near two Freeways
- Operating hours are not open to the best potential
- Priced to Sell
- Two nearby colleges
Financing
Demographics
| Population | 1-mi. | 3-mi. | 5-mi |
|---|---|---|---|
| 2014 Total Population | 61,531 | 122,615 | 356,756 |
| Households | 1-mi. | 3-mi. | 5-mi |
| 2010 Number Of Households | 15,455 | 33,506 | 103,150 |
| 2010 Persons Per Household | 3.67 | 3.48 | 3.37 |
| Median House Value | $301,100 | $323,988 | $377,189 |
| Income Per Household | $55,495 | $59,617 | $63,664 |
| Businesses | 1-mi. | 3-mi. | 5-mi |
| 2009 Number Of Businesses | 771 | 1,715 | 6,964 |
| 2012 Number Of Employees | 36,724 | 73,060 | 247,428 |
| 2012 Total Annual Payroll | $845,479,000 | $1,758,593,000 | $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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