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Business For Sale
ITALIAN RESTAURANT IN THE SAN FERNANDO VALLEY!
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Asking Price: |
$175,000
USD USA Dollars
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Business for Sale Industry: |
Food & Beverage: Restaurants, Fast Food, Deli
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Reason for Selling:
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Other interests. |
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Year Established:
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1986 |
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# of Employees:
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3 |
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Yearly Cash Flow:
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$72,000 |
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Yearly Gross Income:
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$360,000 |
Business for Sale Overview:
Italian restaurant with beer & wine License. Located on a busy street in the Burbank area. There has been a restaurant at this location for over 20 years. Current owner extensively remodeled it and opened as an Italian restaurant one year ago. Tremendous upside potential due to established businesses and residences in the area. Owner does catering as well. Restaurant is licensed for 49 seats, all inside. Owner opened this location under a license of another well-known restaurant established 44 years ago. So the business model is well tested and proven! Restaurant opens Mon-Fri 11:30am to 10:00pm, Saturday 11:30am to 11:00pm and Sunday 4:00pm-10:00pm. Current revenue is $30,000 per month and net profit is $6,000 per month. Price is $175,000.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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