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35 Yr Old Italian-Pizza Restaurant For Sale

$259,000
35 Yr Old Italian-Pizza Restaurant For Sale
This Listing is Expired

Award Winning Italian-Pizza Restaurant For Sale

Award Winning Pizza since 1980 voted #1 Pizza by the OC Register for many years! This Italian Restaurant has a loyal customer base traveling as far south as San Diego and many travel from Los Angeles to eat their high quality, fresh food.  For 35 years this Italian restaurant has been serving happy customers and has been awarded an impressive array of culinary awards. From K-Cal 9, Orange Coast Magazine and City's Best, you will be proud to own this turn key restaurant.

2550 sq ft with a 41 license, this restaurant seats 70. You won't find games and arcades here. This is a restaurant where cleints dine on very good, high end Italian fare. All the dishes are home made, pizza is to die for!

Rent $3456 and landlord will write new lease for a qualified buyer because this restaurant packs them in. People come to this center just to eat at this restaurant and other business's participate in the draw and traffic. Included in the sale are 40 hours of training, so you will get the great recipes as well as the recipe for their success!

This is a perfect opportunity for a family business . Current owners are husband/wife and an occassional son or daughter will put in hours when they are home from college. Typically, 7 part time employees work at the business. One of the owners has expressed an interest in staying to work at the restaurant making this also a very good opportunity for an absentee owner. Open 7 days per week.

This is a Business Intemediaries, Inc.  Listing

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
Riverside Restaurants For Sale
Orange County Restaurants For Sale
Long Beach Restaurants For Sale
Lease Term:
LL will write new lease
Total Monthly Rent:
$3,446

Financials

Last Year's Annual Gross:
$330,913
Last Year's Owner's Cash Flow:
$129,012
Last Year's Food Cost %:
25
Last Year's Payroll Cost %:
16
EBITDA:
$129,012

Operations

Liquor License:
41
# of Full-Time Employees:
1
# of Part-Time Employees:
7
# of Family Employees:
2
Hours Open:
Open 7 Days
11-9 PM
Sunday 4-9PM
Year Established:
1979
Hood System Type 1:
Yes

Facilities

Indoor Seating:
70
Inside Sq. Ft.:
2,550

Highlights

  • Award Winning Italian Restaurant For Sale
  • Orange County Pizza Restaurant For Sale
  • Home Made-Family ItalianRestaurant
  • Owners Retiring After 35 Yrs-Italian Restaurant
  • Well Known Italian Restaurant In Orange County
  • Profitable Italian Restaurant For Sale
  • Perfect Family Business-Italian Restaurant For Sale
  • Established Italian Restaurant Pizza For Sale
  • Pasta & Pizza Owners Retiring After 35 Years

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 52,755 87,737 328,886
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 16,914 29,429 106,766
2010 Persons Per Household 3.05 2.87 2.90
Median House Value $493,000 $481,475 $518,910
Income Per Household $78,730 $71,282 $81,941
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,147 2,212 11,048
2012 Number Of Employees 26,430 64,692 387,162
2012 Total Annual Payroll $595,402,000 $1,330,691,000 $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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