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Burbank, Los Angeles County, California
Italian / Pizza Restaurant / Beautiful Bar with Beer &Wine / Patio. / 100% Employee Run.
Asking Price
$699,000
Revenue
$1,096,446
Down
Call/Email
Cash Flow
$230,000
Description
The establishment boasts an annual gross sale of $1,096,446.00 and net sales of approximately $996k yearly, reflecting robust business performance. The rent sits at a reasonable $10,900, inclusive of NNN, considering the location and size of the premises.
The restaurant adds a unique touch to its service with a beautiful full BEER & WINE, broadening its offerings to customers and enhancing their dining experience. Notably, the business operates entirely on the strength of its 8 employees, indicating a well-managed and efficient operation.
The restaurant enjoys an enviable location in Studio City, a vibrant part of Los Angeles known for its ties to the entertainment industry. Adding a touch of luxury for its customers, the establishment offers a free valet service.
The current owner, showing expertise in restaurant management, operates two Italian restaurants. This provides potential buyers with the confidence of investing in a well-run enterprise. The sale of the business comes with a 6-year lease option and 2 weeks of training for a smooth transition.
This thriving Italian/Pizza Restaurant, with a strong track record and high net income, presents an
Business Details
Year Established:
1990
Employees:
8
Reason for sale:
Owner has 2 different Italian Restaurant.
Support & Training:
2 weeks training (TBD)
Property Information
Size in Square Feet:
2,200 sqft
Lease Terms:
6years Option Available
Premises Details:
Patio / Beautiful Full 47 Liquor
Lease & Tenant Information
Lease Options:
$10,500
Posting Information
Posting ID:
1932080
Business Category:
Restaurants & Food
Business Types:
Italian Restaurant
Attributes:
Absentee Run
Broker Cooperation
Training And Support
Non-Disclosure Agreement
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Posting Title
Italian / Pizza Restaurant / Beautiful Bar with Beer &Wine / Patio. / 100% Employee Run.
Posting ID
#1932080
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