PRICE REDUCED:Italian Restaurant and Pizzeria with Beer & Wine

Los Angeles County, CA

Profitable Pizzeria and Italian Food
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Asking Price: $429,000

Cash Flow: $221,098

Gross Revenue: $1,041,327

EBITDA: $221,098

FF&E: $75,000

Inventory: $11,500

Rent: $4,011.23 /Month

Established: 1984

PRICE REDUCED:Italian Restaurant and Pizzeria with Beer & Wine

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Business Description

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!

Detailed Information

Location:
Los Angeles County, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
12/31/2023
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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
Support & Training:
Owner Will Train
Reason for Selling:
Retiring-After 35 Years
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Robert Marshall

Business Listed By:
Robert Marshall

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Sponsoring Broker:
Sean Edelstein

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