Owner is retiring after 34 years at this location. Located at the intersection of downtown LA, Mid Wilshire and Hollywood. THIS IS AN ASSET SALE. No financials are available. Serving pizza, pasta, burgers, sandwiches, chicken and mexican items. Corporate accounts include nearby hospitals with tons of potential for additional deliveries and catering. Excellent landlord- $1917 monthly rent which includes, triple net, water, trash, security and maintenance. Landlord will issue new, longer lease with favorable terms. Owner operates store alone. No current employees. Equipment includes: 8ft hood with sprinklers, Blodgett pizza oven, 4 ft refrigerated prep station. 5 ft steam table, fryer, 4 burner stove top, double door refrigerator, single door fridge, single door freezer, floor mixer, Ice maker, 3 microwaves, meat slicer, 8 tables, 24 chairs, all sinks

General Info

  • OrganizationContact For Info
  • Established1994
  • Current Owner1994
  • EmployeesContact For Info
  • Reason For SaleRetirement

Facilities

  • Seating29
  • Square Feet700
  • ParkingParking lot
  • LicensesCity Business license, health department
  • Open HoursContact For Info

Lease

  • Rent$1,917
  • ExpirationJune 2021
  • Yearly IncreaseContact For Info
  • OptionYes-Landlord will issue longer lease
  • DepositContact For Info

Financials

  • Monthly RevenueContact For Info
  • Monthly Cash Flow$2,966
  • Annual RevenueContact For Info
  • Annual Cash Flow$35,593
  • 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.

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