This Italian restaurant is on the market due to the owner's retirement after over 45 years in business. It's located is a large South Bay shopping center with two major anchor tenants. The seller has been basically absentee for over ten years and has had an employee manage the business for him. The sales have been steady even though there is no website and no social media. The seller is motivated and has priced the business to sell. He's willing to carry a note for a qualified buyer. This would be a good opportunity for an experienced restaurateur. NO BROKER COOP

General Info

  • OrganizationContact For Info
  • Established1969
  • Current Owner1971
  • EmployeesFT: 2, PT: 10
  • Reason For SaleRetirement

Facilities

  • Seating65
  • Square Feet1700
  • ParkingAmple
  • LicensesContact For Info
  • Open HoursSun 4 - 9: Mon-Thurs 11 - 9: Fri 11-10: Sat 12 - 10

Lease

  • Rent$4027 + NNN $731
  • Expiration1/31/2018
  • Yearly IncreaseContact For Info
  • OptionContact For Info
  • DepositContact For Info

Financials

  • Monthly Revenue$53,123
  • Monthly Cash Flow$10,740
  • Annual Revenue$637,483
  • Annual Cash Flow$128,885
  • PayrollContact For Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

Location