Full Service Italian Pizzeria

Foothill Ranch, CA
Orange County


Asking Price: Annual Revenue:
$175,000 $468,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Full Service Italian Pizzeria Broker: Jerry Diza

Quick Facts

Asking Price: $175,000
Annual Revenue: $468,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 740457972
Broker Reference #: 18184JD

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Business Overview:

DESCRIPTION:
No expense was spared in this PRIDE OF OWNERSHIP Italian beauty. Only 3 years NEW! You can continue to operate this business as is or easily convert to your own concept. Set up as a hip & trendy fast-casual Italian eatery with a modern feel. The front of house is beautifully decorated with an exhibition kitchen, which is excellent for your chef to show off his culinary arts skills while impressing your guests. High ceilings, light birch wood panels and stainless steel walls in the kitchen make gives this restaurant a great vibe. It also has patio seating for that open air feel. The pizzeria also has a beer & wine license so your patrons can pair each dish with a delicious bottle of Italian wine or beer.
The fully equipped commercial kitchen has everything you need for virtually any concept. It also has a brick oven for those exquisite tasting pizzas. There are also vented hoods that cover the large Pizza Ovens. Also includes dough mixer, fryers, flat top, six burner stove and much more.
It is located in a class A shopping center with numerous commercial/offices walking distance to the restaurant, allowing the new owner to offer catering options to the nearby business. Additionally, the restaurant is located in a high income area (over $142,000 per year) and average homes over $770,000.
Anchor tenants include Starbucks, numerous Class A offices and a national 4 story hotel chain.

DEMOGRAPHICS:
Per data from Datausa.io website, this city has:
Estimated average adjusted gross income of approximately $142,283 in 2016
Median price of a detached home: $775,000 in 2018 per Zilllow.

CURRENT MANAGEMENT & LABOR:
Restaurant is absentee run. Owner has another high volume restaurant which he operates.
Monthly payroll approximately $15,700/month including payroll tax.

FINANCIAL SUMMARY:
$39,000 per month average sales. Clean books & records.
If ran at industry standards (prime numbers below 60%) and rent at 14%, new owner should be netting approximately 15% or approximately $5,900 per month/ $70,000/year.

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Property Features and Assets:

EQUIPMENT: Completely equipped kitchen for high volume restaurant. FACILITIES & OPERATIONS: 1,250 square feet with 9 years left on the lease. (4 years plus a 5 year option) Rent is very reasonable at $4,700/month including CAM. Open daily for lunch and dinner.

Market Competition and Expansion:

Owner does little marketing or promotions due to his other high volume restaurant. Plenty of room for catering to nearby offices and special events to the residential areas.

Additional Details:

  • The property is leased.
  • The owner is not willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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