Selling Restaurants is proud to present this Italian Pizza Restaurant is located in a busy strip mall off a high traffic intersection in the San Fernando Valley. This restaurant location has been pizza/Italian for over 17 years and offers pick up, delivery and sit down. Current owner has well established catering accounts for local schools and large businesses. Hours are extended Friday and Saturday for local College students. There is approx 1100 square feet and seating for 12 inside with seating for 4 outside and the potential for more. There are 12 parking spaces and rent is only $2,703 per month including CAM charges. The lease has 4.5 years remaining with a 5 year option. The seller is relocating out of the area.
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This is a Stone Path Brokerage Services Inc listing.
Restaurant Broker Stuart Schlosser DRE License #01809021
Lease
Region:
Los Angeles Restaurants For Sale
Lease Term:
July 2012 + 5 year option
Total Monthly Rent:
$2,703
Financials
Last Year's Annual Gross:
$276,000
Operations
# of Full-Time Employees:
1
# of Part-Time Employees:
3
Hours Open:
Sunday-Thursday 10:00am-11:00pm
Friday-Saturday 10:00am-Midnight
Highlights
- Italian Pizza Restaurant is located in a busy strip mall off a high traffic intersection in the San Fernando Valley.
- Pizza location for over 17 years.
- Offers pick up, delivery and sit down.
- Established catering accounts for local schools and large businesses.
- Approx 1100 square feet.
- Seating for 12 inside with seating for 4 outside and the potential for more.
- Rent is $2,703 per month including CAM charges.
- Lease has 4.5 years remaining with a 5 year option.
Financing
Will Seller Lend To Buyer:
No
Demographics
Population |
3-mi. |
5-mi |
2014 Total Population |
32,476 |
85,393 |
Households |
3-mi. |
5-mi |
2010 Number Of Households |
12,772 |
28,930 |
2010 Persons Per Household |
2.51 |
2.80 |
Median House Value |
$420,700 |
$469,817 |
Income Per Household |
$88,415 |
$101,171 |
Businesses |
3-mi. |
5-mi |
2009 Number Of Businesses |
2,277 |
2,971 |
2012 Number Of Employees |
109,922 |
119,562 |
2012 Total Annual Payroll |
$2,623,809,000 |
$2,765,924,000 |
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, 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.