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Price Reduced Profitable Italian Restaurant And Pizzeria For Sale

Los Angeles County, California - South
Asking Price:
$429,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,041,327 (USD)
Cash Flow:
$221,098 (USD)

Price reduced: A neighborhood fixture for 35 years, this Italian restaurant and pizzeria is the classic family operated business. Founded by two cousins from Italy, it remains in the family, operated by the next generation. They serve genuine Italian recipes, making dough from scratch daily. The food is delicious, and the portions are large and priced just right. The family has done a fantastic job operating this restaurant: the proof is in their outstanding 4+ star Google reviews.

This pizzeria boasts a 41 ABC license and two dining rooms to accommodate large parties, banquets, and private events. The prep kitchen offers a 5'x4' hood, ample cold storage and a large, efficient work space. The front order counter area has a 5'x12' hood, two top-of-the-line pizza ovens, several prep refrigerators and draught beer keg fridge. All equipment is well maintained and is in good working condition. Best of all, the rent is extremely low in this location, location, location! The plaza is anchored by a large brand gas station, several hotels, is located close to several major freeways and is accessed easily by surrounding cities. The center offers ample parking in this easy in-and-out parking lot.

No surprise: it's time for the family to retire. Sales are consistent and the business has proven profits year over year, with good books and records. However, there is much room to grow the business. To start, open on Mondays and increase your revenues! The kitchen is in outstanding condition, but the dining room, while nostalgic and welcoming, could use a face lift and fresh décor will help spread word of mouth. Additionally, while the current owners offer catering, they don't actively pursue that business. Focus on catering and off-site parties and immediately grow gross revenues! They also don't offer delivery: add in-house delivery and the slew of online delivery services and increase your profits. Most impressive of all, the owners have gotten this far on word-of-mouth alone. They have no digital presence: start a social media campaign and update the bland, outdated website, and grow the business dramatically.

This restaurant has everything our Buyers ask for: very profitable, well established, in a busy center, and with extremely low rent. It just needs the right Buyer with fresh energy to grow and expand. This business will sell fast, so act now!

Property Information

Real Estate:

Lease

Lease Terms:

exp: 12/31/2023, No annual increase during base term, (1) x 5yr option to extend, 1/2% increase during option period

Leasehold Rent:

$48,135 (USD) per annum

Premises Details:

Established for 35 years, consistent and profitable
Extremely low rent and 5yr option
(2) Hoods, all equipment well maintained and ample cold storage refrigeration
Alarm and Camera System
Beer and Wine License

Size in square feet:
2,000

Business Operation

Reasons for selling:

Time to Retire after 35 years

Employees:
17
Years established:
1984

Other Information

Support & training:

Owner will Train

Furniture / Fixtures value:
$75,000 (USD) - included in the asking price
Inventory / Stock value:
$11,500 (USD)

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