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#4209
Los Angeles - Hollywood - DTLA

21 Year Pizzeria Sports Bar Neighborhood Business

$119,000
Sold
21 Year Pizzeria Sports Bar Neighborhood Business
This Listing is Sold

This is a Long Time Pizzeria with an Established Neighborhood Business in the Los Angeles Area.  It Currently Does Quick Service Italian with Subs, Pizza and Pasta with Delivery being offer as well. 

Restaurant was just selected to be on a TV Show where they come in and give the place a face lift and film the before and after. This has TRULY been an amazing transformation. We left some "Before Shots" so you can judge for yourself.

Show will not air till around November SO whoever purchases this restaurant has time to come in and get comfortable before NEW Customers start coming in to see for themselves the transformation.

This is the perfect business for savvy owner looking to grow an established concept with their hard work and smarts or a Great family business. Located near a major hospital with thousands of employees, this local pizzeria has a solid customer base plus a vendor purchase order relationship with the hospital. Owner has established relationships with local schools using pizza's as a way to raise funds for many different projects. Local Sports teams come to take in a game and celebrate there great Win or refresh from the loss at this pizza place. 

GREAT PRODUCT: The owner is leaving the area wants to sell this pizza business. Sales have been steady and each new contact brings further increases. Since the current owner has taken over Yelp reviews have improved to a 4 star average.

Currently serving tap beer with 6-8 handles attracting the after game crowd and great place to grab a great tasting Pizza and beer with friends.

AMAZING LOCATION: A corner spot, located on a major street giving you everything you need to get into your own business that's ready to grow even further.  The owner will train you and show you the trade secrets.  A person who likes to connect with the community will thrive here!  

GROW THE BUSINESS

  • Go after local teams - Soccer, Little League, basketball, etc.
  • Expand the hospital Business.
  • Go after the local schools for fund raisers and charity events.

Owners decision to leave the area is your gain. The possibilities are endless with this established pizzeria.

Go to the SellingRestaurants dot com to get Name, Address and Pictures so you can visit and see if this is not just the opportunity you have been searching for!

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
Exp 12-2016 with 1 5 Yr option
Total Monthly Rent:
$2,785
Security Deposit:
$2,475

Operations

Liquor License:
41
# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Family Employees:
1
# of Working Owners:
1
Hours Open:
Monday 2PM - 9PM
Tuesday - Thursday 11AM - 9PM
Friday & Saturday 11AM - 10PM
Sunday 11AM - 9PM
Year Established:
1992
Hood System Type 1:
Yes

Facilities

Indoor Seating:
54
# of Parking Spots:
20
Inside Sq. Ft.:
2230

Highlights

  • 21 Years Established Pizzeria and Pub
  • Hospital with large staff and visitors across the street
  • 6 - 8 Tap Beers avaliable
  • Schools 6 Elementary, 3 High and 3 Middle all within 5 miles
  • Sales 70% Food and Drinks 30% Beer and Wine
  • Dine in 50% Delivery 20% and 30% Pick Up
  • Yelp Reviews up since current owner took over
  • Owners Declared Monthly income $4000 - $6000 per month (Buyer to Verify)
  • Large Open Dinning Room
  • 3 Large Screen TV
  • NEWLY REMODELED FACE LIFT OF INTERIOR

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 77,916 204,310 897,997
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 23,650 59,666 251,746
2010 Persons Per Household 3.21 3.36 3.50
Median House Value $337,100 $341,301 $363,277
Income Per Household $49,637 $56,084 $59,318
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,036 2,780 15,039
2012 Number Of Employees 29,402 87,206 511,758
2012 Total Annual Payroll $465,940,000 $1,776,785,000 $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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