$395,000.00
Asking Price
Address: Redondo Beach, 90278.
Status: Active
Posting ID: 282169
4/20/24
Description
Established in 1977 is this Italian restaurant with a beautiful build-out, equipped with a full liquor license. It is well-known for great food, great service, great wine selection, and liquor. It is open for dinner only and open 6 days a week with very short business operating hours 4 pm to 9 pm. They have a semi-absentee owner, so it is mostly run by employees as the owner does purchases only. Alcohol sales are nearly 30% of total gross sales, therefore less labor intensive.
Asking Price: $395,000.00
Inventory approx.: $10,000 plus inventory (Goods sold)
Business type: Italian restaurant with a full liquor
Licenses: license type 47 - on-sale - full liquor
Building & Parking: free-standing
Seating capacity: approx 70 more or less
Days open & hours: 6 days 04:00 pm to 9:00 pm, weekend close 10 pm, close Monday
Area: Redondo Beach, CA
Store size: approx 1,500 sqft
How long est: since 1977 and operated by the current owner since 1979
No. of employees: 3 full-time and 6 part-time
Owner's working hours: owner works 3 days a week or equal to 15 hours a week
Lease, approx.: 4.5 years remaining with one(1) five(5) option
Approx, Represented by Seller as per Listing Agreement
Average Monthly Sales
Approx Total, Monthly Gross Sales , before sales tax $54,000.00 -$55,000.00
Allocation of Sales
Food $35,100.00
Liquor, Beer & Wine $16,200.00
Deliveries - App Service $2,700.00
Total Gross Sales: $54,000.00
Cost $13,500.00
Gross Profit $40,500.00
Total Monthly Expenses $27,000.00
Net Income Monthly with Semi Absentee Owner $13,500
Approx, Net income Monthly Average before Debt Service $13,500.00
Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller, employee or business neighbor, For more information please contact REMY CHEN @ 213-798-9987 or E-MAIL to: 7989987@gmail.com Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals
To get more information about this Restaurant - With Full Liquor, Dinner Only business for sale in Los Angeles County please phone Remy Chen (Agent - BRE License #:01297948) at 213-798-9987 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #282169 on BizBen.com. In addition to phoning Remy Chen, make sure you email Remy Chen above to get more info about this Restaurant - With Full Liquor, Dinner Only, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01297948. Ivy Realty.
Contact
Details
Asking Price: $395,000.00
Down: Call/Email
Cash Flow: $160,000.00
Revenue: $650,000.00
Area: Los Angeles County
City: Redondo Beach
Attributes:
My Notes About This Listing
Cash flow
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Revenue
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Down
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Franchise Fee
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Cash flow
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Revenue
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Down
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Down
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Down
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Down
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Down
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Year Built
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Down
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
ServingSan Francisco Bay Area, North Bay, Central Valley
Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
ServingCity Of San Francisco
If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
ServingAll Of California
Laundry consulting, due diligence, buyer representation: We preview laundries for you and evaluate them. 28 years laundry industry experience: buying, selling, valuing, retooling, analyzing, consulting services for laundry buyers and entrepreneurs in California. Contact us today about our services.
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The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups.
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