$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
Call/Email
Revenue
Call/Email
Down
Call/Email
Posting: 278573 | Available | 4/21/24
For sale is an established agency in Aiken County South Carolina with a great business climate. The agency has an excellent retention ratio of 90% + and a very profitable loss ratio. The agency consists of preferred auto/homeowners with a great opportunity to grow in cross-sales.
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Cash flow
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Revenue
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Posting: 279812 | Available | 4/21/24
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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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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Space Being Rented
Call / Email
Year Built
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Lease Amount
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
Call/Email
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Cash flow
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Revenue
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Down
$725,000
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Asking Price
$725,000
Total Investment
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Min Liquid Cash
Call/Email
Net Worth
N/A
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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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Revenue
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Down
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Cash flow
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Revenue
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Down
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Revenue
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Down
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Cash flow
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Revenue
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Down
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Cash flow
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Revenue
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Down
Cash
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Revenue
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Down
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Cash flow
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Down
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Down
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Cash flow
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Revenue
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Down
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