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#5193
Ventura Restaurants For Sale
San Fernando Valley Restaurants For Sale

Profitable Westlake Village Italian/Pizza w/Beer & Wine

$90,000
Sold
Profitable Westlake Village Italian/Pizza w/Beer & Wine
This Listing is Sold

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WESTLAKE VILLAGE: Are you looking to get into Westlake Village with your pizza/Italian cafe concept, then you have to take a look at this quaint restaurant located in a very high traffic area boutique center.  This center has several local favorite restaurants and cafes and is located in the heart of Westlake Village with plenty of parking and easy access. 

THE KITCHEN: The kitchen, which has a number of new pieces of equipment, has all you need to prepare not only pizza, but full course meals including a flat iron griddle, two deep fryers, and a four burner stove, plus a double-decker pizza oven.  There are plenty of prep tables for salad and sandwiches as well.  There is a type 1 and type 2 hood system. There is no grease trap. 

THE RESTAURANT: This restaurant has 1,000 Sq. Ft. space and seats 34 patrons plus 4 on the patio.  This is a perfect fine dining space as well.  The broker understands a space next door for 1,000 could become available in the near future so you can expand. Buyer needs to verify this fact with landlord. 

THE NUMBERS: In 2016, the sales were $242,000 for this small family restaurant with a profit of about $54,000.  Seller claims monthly sales are about $25,000 to $26,000 and steadily growing.  Buyer needs to verify and not reply on this statement. 

In late 2017, the owner transferred the business to a relative, who spent a substantial amount replacing equipment with new equipment in addition to replacing the HVAC system.  The relative (current owner) is a medical professional and has an opportunity to move to Las Vegas area for a lucrative position.

 

This is a Paramount Restaurant Brokers, Inc. DBA SellingRestaurants.com listing.
Broker Mel Jones DRE License #CA00893362 and AZ BR634507000

Lease

Region:
Ventura Restaurants For Sale
San Fernando Valley Restaurants For Sale
Lease Term:
Expires Jan 31, 2021
Total Monthly Rent:
$4,284

Financials

Last Year's Annual Gross:
$242,000
Last Year's Owner's Cash Flow:
$54,111

Operations

Liquor License:
beer & Wine
Hours Open:
Monday - Friday 11-9
Saturday 11:30 - 9
Sunday 4-8:30
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
34
Outdoor Seating:
4
Inside Sq. Ft.:
1,000

Highlights

  • Heart of Westlake
  • Very High Traffic Center
  • Beer & Wine Included
  • Seats 34 + 4 on patio
  • Profitable

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 20,664 98,772
Households 3-mi. 5-mi
2010 Number Of Households 8,374 36,760
2010 Persons Per Household 2.43 2.64
Median House Value $760,600 $630,502
Income Per Household $101,146 $99,195
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,442 4,625
2012 Number Of Employees 30,142 109,302
2012 Total Annual Payroll $1,020,952,000 $3,118,818,000

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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.

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