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For Sale: Italian Pizzeria - Beer And Wine, Arcade - Garden Grove, California

$499,000.00

Asking Price

  • Address: Garden Grove, 92680.

Garden Grove Italian Pizzeria - Beer And Wine, Arcade Business For Sale

Description

This restaurant has been established for over 50 years and has been under current ownership since the early 1980’s. The space is over 4000 square feet and there is 5 years left under the current term and 6 years in options to exercise. The sales have been steady at around the $1m range and the rent is at such a low rate, the long-term profitability is sustainable. There is plenty of parking and very close to the 405 freeway with great visibility from this major thoroughfare.

The menu consists of Pizza, Pasta, Wings, and Sub sandwiches with a great selection of beer, wine, and non-alcoholic beverages. There is also a game room and bar area with TVs for team gatherings and activities. The restaurant uses all delivery platforms to maximize sales and be accessible to the surrounding area for all takeout orders.


LEASE BUILDING INFO.
Monthly Rent: $5200

Square ft: 4000
Expiration: 2029 plus options

Patron capacity: 100+
Options: Buyer to qualify

Patio: No
Deposit: Buyer to qualify

Hours of Operation: 11-9

2024 MONTHLY FINANCIAL ANALYSIS
Sales: $81k
Rent: $5200
Payroll: $18k C.O.G.: $27K
Misc: $13k (Uncontrollable of utilities, credit card processing, maintenance etc.)
Net Potential income: $16k monthly or $192k a year (Including officer salary of $104k

To get more information about this Italian Pizzeria - Beer And Wine, Arcade business for sale in Garden Grove please phone Steve Torabi (Intermediary, Broker - BRE License #:02022773) at 949-427-0414 Cell and 949-424-6065 Office - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #287723 on BizBen.com. In addition to phoning Steve Torabi, make sure you email Steve Torabi above to get more info about this Italian Pizzeria - Beer And Wine, Arcade, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01113651. Pacific Reliance Business Brokers.

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Contact

  1. Name: Steve Torabi
  2. phone iconPhone: 949-427-0414 Cell
  3. phone iconPhone: 949-424-6065 Office

Details

  1. Asking Price: $499,000.00

  2. Down: Call/Email

  3. Cash Flow: $192,000.00

  4. Revenue:    $960,000.00

  1. Area: Garden Grove

  2. City: Garden Grove

  1. Attributes:

    Broker CooperationSemi-Absentee RunFinancial AssistanceSBA Loan Pre-Qualified

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