18 year established Italian Restaurant

Sun Valley, CA (Los Angeles County)

18 year established Italian Restaurant
Contact Seller

Asking Price: Get Financing: $749,950

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $400,000

Inventory: N/A

Lease Rate: $1.57 /SF/Month

Established: 2000

18 year established Italian Restaurant

Get Financing Save Print Share Valuation Report

Business Description

Restaurant/Bar

This Italian Cuisine was established in 2000. It is a beautiful family owned, Italian Restaurant/Bar that was completely remodeled in 2017 to perfection! The owner was planning for years to make sure he covered every single angle and boy did he! With an established Beer, Wine, and Tobacco license, the possibilities are endless! Operates as a Restaurant during the day, while earning great revenue, and convert to a Hookah Lounge/Bar until 2 a.m. closing to get even more revenue! Plenty of parking available to support big group events! Some key features of the place include: 12 foot ceilings, 2 Bars, 4 Bathrooms, 14 TV’s, 24 cameras, sliding open windows, 2 separate sound systems, double door entrance, 2 offices, several freezers, 4 pizza ovens, hood, grill, several sinks, a lot of storage and much more! It is a corner unit with great street visibility and within a mile from Burbank. Landlord is updating the entire shopping center, and once complete, the place will have a beautiful outdoor NEW sign and lighting!

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
1/2/2023
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business was completely remodeled in 2017 to perfection. Close to $400,000 in improvements.
Competition:
Business is in a Prime Sun Valley location on Glenaoks Blvd, within a mile from Burbank. Corner unit and great exposure.
Growth & Expansion:
Business is profitable, no competition in the area. Has full time loyal clientele. Property has 3 addresses which can support 3 different corporation. Has the potential to convert to a Hookah Lounge after hours. So many possibilities.
Support & Training:
30 days
Reason for Selling:
Seller retiring & moving out of the country
Business Website:
http://www.johnhartrealestate.com/casanuova
Contact Seller

Business Location


Contact the Seller

Contact Seller Loading

Michael Melik-Bakchian

Business Listed By:
Michael Melik-Bakchian

JohnHart Real Estate

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1570347 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Teriyaki Madness

Franchise Opportunity
Capital Required: $273,699