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Hermosa Beach, Los Angeles County, California
Asking Price
$219,000
Revenue
$435,000
Down
Call/Email
Cash Flow
$106,268
Name: Steve Zimmerman
Phone: Show phone number
Name
Steve Zimmerman
Phone
Show phone number
Year Established:
1973
Employees:
7
Reason for sale:
Retirement
Size in Square Feet:
1,819 sqft
Lease Terms:
Rent - $12,000 Inclusive Water, Trash & Grease Trap Expiration - 2027 Yearly Increase - Contact For Info Option - 5 yr Lease Option Deposit - $4,500
Posting ID:
4863823
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“Pedone’s Pizza & Italian” Restaurant located in highly desired downtown Hermosà Beach, steps from the beach!
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Price Reduced $219,000 – “Pedone’s Pizza & Italian” Restaurant located in highly desired downtown Hermosà Beach, steps from the beach! RRC#: 5135 Asking Price: Offered at $219,000 Location: 1332 Hermosa Ave, Hermosa Beach Annual Revenue: $435,000 Annual Cash Flow: $106,268 Monthly Rent: $12,000 Inclusive Water, Trash & Grease Trap Listing Description: First time budding restaurateurs wanting their own business need to look at this great opportunity reduced to only $219,000 in prime downtown Hermosa Beach. Nestled a block away from a world-famous beach, the strand walk/bike path and numerous hotels, lies this 1819 sq foot restaurant. Hermosa Beach is one of the most popular and affluent beach communities in California. Fully renovated and modernized “interior and exterior” just 2 years ago gives the space a relaxed atmosphere at an incredibly good selling price! “No Tire Kickers Please”. This Italian/Pizza business has been making serious pizza, pasta & other Italian food for more than 50 years. During this time, they have won multiple awards including Best Pizza, Best Pasta Dishes and Best Wings, with third party deliveries making up a large portion of the revenues. A beautiful large outdoor patio allows customers to enjoy the ocean air, making Pedone’s a popular seaside resort restaurant. This restaurant offers sitting inside and outside for 130 patrons, a large fully equipped kitchen with walk-in cooler, a long granite bar countertop and an 18 beer tap system and an elaborate sound/tv system for events. The current owner offers live entertainment for customers to enjoy musicans, trivia, and comedy nights. Owner will provide all of the entertainment contact info. An ABC type 47 Beer & Wine license, the business name, social media sites, all online food ordering sites, customer list and all equipment/fixtures are included for this profitable LA coastal town restaurant. Incoming new ownership can keep the existing concept or change it to suit their own needs. Adjacent to Pedone’s is a 200-spot parking structure, parking lot and plenty of street parking which makes this restaurant ideal. For the right qualified Buyer, SBA financing may be available to experienced Buyers with good credit. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker’s direct contact information so you can discuss this opportunity in more detail. General Information: Organization: Sole Proprietorship Established: 1973 Current Owner: 2004 Employees: 7 Reason For Sale: Retirement Financial Information: Monthly Revenue: $36,260 Monthly Cash Flow: $8,855 Annual Revenue: $435,000 Annual Cash Flow: $106,268 Monthly Revenue: $36,260 Monthly Cash Flow: $8,855

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Step into a rewarding and profitable venture with this top franchise boba shop, located in the thriving city of Duarte, California. This business is an absentee-run operation, managing to function smoothly under the guidance of a dedicated manager and a team of eight skilled employees. Situated amidst a bustling residential neighborhood and in close proximity to large hospitals, the location of this boba cafe guarantees a steady stream of customers, contributing to its robust revenue. Walk-in freezer. This franchise is renowned for its brand credibility and high-quality offerings, ensuring customer loyalty and repeat business. The rent is competitive at $4500, inclusive of CAM charges, making this a cost-effective investment for the savvy entrepreneur. The existing staff structure facilitates a smooth transition for the new owner, eliminating the need for immediate hands-on involvement, unless desired. One of the exceptional features of this opportunity is the possibility of an SBA loan for qualified buyers, offering an attractive financial avenue to secure the business. With its straightforward operation, this boba cafe is an excellent choice for those looking for a profitable venture with substantial growth potential. This is a rare opportunity to acquire a top franchise boba shop in a prime location with an absentee-run model. Don't miss out on the chance to build upon this established business and take it to new heights. Contact the broker Joey Kim 213 255 1478, bestjoeykim@gmail.com today for more details and to arrange a viewing. The future of a successful boba cafe could be in your hands.
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