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For Sale: Italian Restaurant - Profitable - Pacific Beach, California

$750,000.00

Asking Price

  • Address: Pacific Beach,

  • Status: Active

  • Posting ID: 289463

  • 11/19/24

Pacific Beach Italian Restaurant - Profitable  Business For Sale

Description

This is an amazing opportunity for a hands-off owner to capitalize on a fully managed, profitable restaurant. The restaurant has a longstanding history with consistent cash flow, averaging a net profit of approximately $350,000 over the past three years. It features a Type 41 ABC License, which permits alcohol service both inside the restaurant and on the outdoor patio.

The business has a positive reputation, averaging 4.75 stars based on thousands of reviews across multiple platforms, and boasts a perfect 5-star rating on TripAdvisor.

Key Details:

  • 3-Year Average Gross Sales: approx. $1,900,000
  • 3-Year Average Net Profit:      approx. $350,000
  • Size:                                       1,582 square feet plus patio
  • Rent:                                       $5,806 per month (all-inclusive)
  • Lease Term:                            Long-term lease available
  • ABC License:                          Type 41

Price: $750,000*

*This is priced to sell at a very reasonable multiple - right now only cash offers are considered. 

Listed Exclusively by Location Matters Inc. 

To get more information about this Italian Restaurant - Profitable business for sale in Pacific Beach please phone Michael Spilky (Broker - BRE License #:01840957) at 422-361-9994 and 858-792-5521 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #289463 on BizBen.com. In addition to phoning Michael Spilky, make sure you email Michael Spilky above to get more info about this Italian Restaurant - Profitable, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01840957. Location Matters Inc. .

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Contact

  1. Name: Michael Spilky
  2. phone iconPhone: 422-361-9994
  3. phone iconPhone: 858-792-5521

Details

  1. Asking Price: $750,000.00

  2. Down: Call/Email

  3. Cash Flow: $350,000.00

  4. Revenue:    $1,900,000.00

  1. Area: Pacific Beach

  2. City: Pacific Beach

  1. Attributes:

    Semi-Absentee RunLicense (Liquor, etc.)

My Notes About This Listing

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Related Links & Information Regarding This Posting

Email Michael Spilky Below About This Posting


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