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Full Service Italian Pizzeria

Orange, CA (Orange County)

Full Service Italian  Pizzeria
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Asking Price: $175,000

Cash Flow: N/A

Gross Revenue: $468,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,700 /Month

Established: N/A

Full Service Italian Pizzeria

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Business Description

DESCRIPTION:
No expense was spared in this PRIDE OF OWNERSHIP Italian beauty. Only 3 years NEW! You can continue to operate this business as is or easily convert to your own concept. Set up as a hip & trendy fast-casual Italian eatery with a modern feel. The front of house is beautifully decorated with an exhibition kitchen, which is excellent for your chef to show off his culinary arts skills while impressing your guests. High ceilings, light birch wood panels and stainless steel walls in the kitchen make gives this restaurant a great vibe. It also has patio seating for that open air feel. The pizzeria also has a beer & wine license so your patrons can pair each dish with a delicious bottle of Italian wine or beer.
The fully equipped commercial kitchen has everything you need for virtually any concept. It also has a brick oven for those exquisite tasting pizzas. There are also vented hoods that cover the large Pizza Ovens. Also includes dough mixer, fryers, flat top, six burner stove and much more.
It is located in a class A shopping center with numerous commercial/offices walking distance to the restaurant, allowing the new owner to offer catering options to the nearby business. Additionally, the restaurant is located in a high income area (over $142k per year) and average homes over $770k.
Anchor tenants include Starbucks, numerous Class A offices and a national 4 story hotel chain.

DEMOGRAPHICS:
Per data from Datausa.io website, this city has:
Estimated average adjusted gross income of approximately $142,283 in 2016
Median price of a detached home: $775k in 2018 per Zilllow.

EQUIPMENT:
Completely equipped kitchen for high volume restaurant.

FACILITIES & OPERATIONS:
1250 sf with 9 years left on the lease. (4 years plus a 5 year option)
Rent is very reasonable at $4,700/month including CAM.
Open daily for lunch and dinner.

CURRENT MANAGEMENT & LABOR:
Restaurant is absentee run. Owner has another high volume restaurant which he operates.
Monthly payroll approx. $15,700/month including payroll tax.

FINANCIAL SUMMARY:
$39k per month average sales. Clean books & records.
If ran at industry standards (prime numbers below 60%) and rent at 14%, new owner should be netting approximately 15% or approximately $5900 per month/ $70k/yr.

Owner does little marketing or promotions due to his other high volume restaurant. Plenty of room for catering to nearby offices and special events to the residential areas.

PRICE:
Call for pricing. All reasonable offers will be entertained.

Listing #18184JD
visit us at www.PacificRestaurantBrokers.com and fill out our Confidentiality Form

Detailed Information

Location:
Orange, CA
Real Estate:
Leased
Building SF:
1,250
Lease Expiration:
N/A
Business Website:
http://PacificRestaurantBrokers.com
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Pacific Restaurant Brokers

Business Listed By:
Jerry Diza

Pacific Restaurant Brokers

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