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#479
Los Angeles - Hollywood - DTLA

Franchise Pizza Restaurant in San Fernando Valley

$60,000
Sold
Franchise Pizza Restaurant in San Fernando Valley
This Listing is Sold
Carry out pizza and sub franchise in densely populated San Fernando Valley, built from scratch 3 years ago. 1150 sq ft at $1532 rent with 2 years remaining, no CAM. Owners consolidating business decided to sell. Inside seating available and plenty of parking space.
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Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
2 years remaining + 0 option
Total Monthly Rent:
$1,532
Security Deposit:
$1,390

Financials

Last Year's Annual Gross:
$154,298
Last Year's Food Cost %:
26.43%
Last Year's Payroll Cost %:
13.91%
Last Year's Rent %:
11.90%

Operations

# of Full-Time Employees:
2
# of Family Employees:
1
Hours Open:
open Tuesday to Sunday 11am to 10pm close Mondays
Year Established:
2003
Hood System Type 1:
Yes

Facilities

Indoor Seating:
4
# of Parking Spots:
19
Inside Sq. Ft.:
1158

Highlights

  • Great franchise opportunity in densely populated Sasn Fernando Valley
  • 1150 sq ft, low rent, no CAM, 2 years remining
  • built from scratch 3 years ago
  • carryout pizza and sub facility show steady sales growth
  • great sales opportunity with local marketing and tie-ins
  • can easily be converted to other concepts
  • owners consolidating business decided to sell

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 61,635 184,020 642,086
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,802 52,015 188,527
2010 Persons Per Household 3.55 3.45 3.36
Median House Value $380,400 $362,765 $372,237
Income Per Household $54,166 $51,137 $52,164
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 619 2,392 11,330
2012 Number Of Employees 14,436 74,896 289,244
2012 Total Annual Payroll $216,774,000 $1,686,083,000 $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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