Italian restaurant /Pizza and Pasta.

Glendora, CA (Los Angeles County)

Italian restaurant /Pizza and Pasta.
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Asking Price: $60,000

Cash Flow: $55,040

Gross Revenue: $300,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2016

Italian restaurant /Pizza and Pasta.

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Business Description

Great location on a busy signalized intersection in Glendora. High visibility in large shopping center, and next to Starbucks. The restaurant is 1,000 SF, rent is $3, 500, payroll $4, 166, gross sales are $25,000 and the food cost is 25%. The venue is run by the seller and 2 employees, and has ample parking spaces.. It is surrounded by a mix of residential and retails with lots of cars and foot traffic. Has a full kitchen, hood, grease trap and equipment that include; pizza oven, walk-in-cooler, freezer, refrigerator, 6 burner stove, Hobart 60 lb. Dough mixer/dough hook, chopper ,slicer, ice maker, Panini press, food processor, salad spinner Lavu POS system w/2 printers, and much more. As well as an office and a bathroom. Occupancy permit is for 10 patrons inside and 10 outside it serves hand tossed pizza, pasta, calzone, salads, sandwiches, Panini, and desert. Dine-in, delivery and take out. Opens 6 days Tuesday – Friday 12:00 – 9:00 and Saturday – Sunday 4; 00 – 9:00. This is not a franchise so there is no royalty or a franchise fee. This opportunity didn’t reach its potential yet. New buyer can capitalize on being next to Starbucks, and can increase the sales by opening for breakfast, doing more advertising, get active on social media, and open for longer hours. Business can be converted to any type of cuisine or a bakery. This is an asset sale. All equipment, furniture and fixtures are included in the sale price. Seller bought this business 2 months ago and cannot handle it. This is a great opportunity to be run as a family business or for somebody with passion to food to move it to a higher plateau.

Detailed Information

Location:
Glendora, CA
Employees:
2
Facilities:
Prime location next to Starbucks. 1,000 SF, rent is $3,500/Mo gross sales $25,000/mo .In a nice busy shopping center with ample parking spaces. all equipment, furniture and fixtures are included in the sale.
Competition:
No real competition to this unique hand tossed pizza.
Growth & Expansion:
Big room for expansion. opening for breakfast for the young crowd, do more advertising, get active on social media and open for longer hours.
Support & Training:
yes.
Reason for Selling:
Seller bought it 2 months ago and is not able to handle it.
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(from currently available funds)
 
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Michael Raad

Business Listed By:
Michael Raad

Century 21 Golden Realty

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