Profile: Pizza Restaurant W/Arcade & Party Room! Prime Location.
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Ad/Listing Information
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Contact Information |
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| Seller Or Contact: |
Sharon Hills, Agent
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| Primary Phone: |
805-899-2919 |
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| Alternate Phone: |
None Given |
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| DRE Number: |
None Given |
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| Email Address: |
Email This Advertiser |
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| Date Started: |
10/19/09 |
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| Date Last Revised: |
10/19/09 |
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| BizBen Ad #: |
123577 |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$340,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$750,000 |
| Annual Adjusted Net: |
Call/Email |
| Price Range: |
$250,001 to $500,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Asking: 340,000
Gross: 750,000
Ff&e: 250,000
Inventory: 8,000
Business Summary:
- Long Established Pizza/Pasta Restaurant For Sale – 40 Years!
- Prime Location In Busy, Busy Shopping Center W/Front & Rear Parking
- Locals’ Favorite – Fun Eatery For Families, High School Students And College Students Alike.
- Minutes Away From Ucsb!
- Very Popular For Birthday Parties – Restaurant Has Separate Party Room And Arcade!
- Arcade Generates Approx. 6- 9K Profit Alone Monthly
- Fully Equipped Kitchen With Over 250,000 In High Quality Furniture/Fixtures/Equipment And Tenant Improvements
- All Equipment Is Owned Free & Clear Except For One Coffee Maker
- All Restrooms Have Been Recently Remodeled And Handicapped & Handicapped
- Newly Installed Marble Floors Throughout The Restaurant And Counter Facings
- New Security Cameras With Internet Capability – Real Time Access Anywhere
- Beer & Wine License Included
- Many Expansion Possibilities: Expanding Game Room W/New Games, Catering, More Advertising. Trained.
- Courteous Staff In Place
- Long Lease Term At Extra Low Rate – 14 Years Remaining
- Great Family Business Or First Time Owners. Turn Key.
- Website In Place
General Information:
Year Established: 1968
Employees: 20 (17 Part Time And 3 Full Time)
Facilities: Spacious And In Excellent Condition. 4600 Square Feet @ Only 2.17 Per Square Foot. Large Party Room And Separate Arcade Room. Sidewalk Dining. 9 Years Remaining On Lease Plus One 5 Year Option.
Market Outlook
Competition: Competitor Just Closed! Giovanni’s Across The Street Across The Street Was Taking 15K Gross Monthly.
About The Sale
Financing: Owner Would Prefer An All Cash Offer, But Will Consider Some Financing For Qualified Buyers.
Support/Training: Seller Will Provide Training
Reason Selling: Owner Would Like To Retire. Was Fully Managed For 7 Years. Owner Has Been Back For 18 Months.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Sharon Hills, Agent at 805-899-2919 Non Disclosure Agreement |
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