Highly Profitable Italian Restaurant

San Diego County, CA

Highly Profitable Italian Restaurant

Asking Price:$175,000

Cash Flow:$126,756

Gross Revenue:$649,763

EBITDA:N/A

FF&E:N/A

Inventory:$8,000*

Rate/Sq. Ft.:N/A

Established:2009

*not included in asking price.

Highly Profitable Italian Restaurant

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Business Description

Here is your opportunity to own a turnkey Italian restaurant with an established clientele in a prime east county location. This charming family restaurant is open for lunch and dinner, serves outstanding pizzas, Italian sandwiches, and full course Italian dinner favorites. Restaurant has an existing ABC Type 41 license and currently serves a wide array of beers and wines. It also has a robust catering business.Sales are currently in the $700K range per year and have been rising steadily. Seller shows 2015 net income at just over $125K.

Space is approximately 3900 sq. ft. inside with another 942 sq. ft. of enclosed patio space. Rent for inside space is only $4320 per month with two years left on the original lease and 2 five year options remaining. Outside patio space rents for $800 per year from the city. Parking is plentiful on the street and huge parking lot behind the building. Existing employees include 4 full time and 6 part time staff. Owner has another business and spends about 50% of his time here. Owner is selling this business as part of his retirement plan. Owner will consider some seller financing for the right buyer. For more information please contact Hazel Hofsess @ (310) 971-0567 with Listing ID:LA04079

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
4,000
Lease Expiration:
2/1/2017
Employees:
10
Support & Training:
3 wks @ 20 hrs/wk
Reason for Selling:
Retirement

Listing Statistics for Premium Members

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Ronald Hottes

Business Listed By:
Ronald Hottes

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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