Price Reduced - Profitable, Turn Key Italian

Business Overview:

Price Reduced - Profitable, Turn Key Italian Restaurant & Bar with Large Covered & Heated Patio

RRC#: 4326
Asking Price: $295000
Location: Los Angeles County near Long Beach
Annual Revenue: $640000
Annual Cash Flow: $223908
Monthly Rent: $4,500 NNN - New Lease Negotiable
Expiration: 2027 plus New Lease 5 yr option Negotiable

Listing Description:
Price Reduced tp $295,000 for this absolutely Turn Key Italian restaurant located near Long Beach. SBA loan Approved and making annual profits of $240,000. Completely rebuilt as new in 2018. Corner location Italian Restaurant and Bar with a ABC Type 41 Beer and Wine license, large covered and heated patio. The restaurant has an excellent reputation for Homemade Pasta & Authentic Pizza and is the only quality Italian restaurant in the area.
The landlord is the current owner and wishes to retire while retaining ownership of the property. The Kitchen is spotless and truly state of the art. Completely stainless steel throughout with a 10ft Type 1 hood with fire suppression system, large Pizza oven, deep fryer, 6 burner stove with under stove refrigeration draws and large stock-pot burner. The kitchen Pizza service area has the homemade Pasta machine and separate cold prep ‘Mise en Place’ area. Other Toys include Hoshizaki/Foster 400lb bin ice machine, 20 qt floor standing mixer, dishwash machine and stainless- steel tabletops and sinks, convection oven, steam table and ample refrigerated worktops with undercounter storage and walk-in with walk-in freezer. Fully compliant outside underground 1,058 lbs Grease Interceptor installed just 4 years ago, model #40100A04M(T). Did I Mention the Kitchen is completely Stainless Steel!!!
The Bar is equipped with 8 hard backed high bar stools, large Flatscreen TV & wine racks display with sinks etc. The modern appealing dining room also has a private dining area for up to 20 guests. Modern Italian artwork is displayed on every brick wall with its high ceiling which leads onto the Patio. The 65 outdoor seats are comforted with 8 electric heaters, string night lighting and completely covered roof with sides which can be secured, therefore the space is used all year around. There is also further seating for 10 around the restaurant, again covered and both of the nice sized bathrooms are fully ADA compliant.
The location has a public adjacent decorative water fountain and is the center of the seasonal city Christmas tree placement. You couldn’t find a better location in the area.
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.


For more information please visit https://www.restaurantrealty.com/listings/4326/

General Information:
Organization: Sole Proprietorship
Year Established: 2011
Employees: 2 3 PT
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $53,400
Monthly Cash Flow: $18,659
Annual Revenue: $ Contact for Info
Annual Cash Flow: $223,908
Annual Payroll: $50,000

Facilities:
Square Feet: 1,775 875 Covered & Heated Patio
Seating: 65 Indoors 50 Patio
Parking: Large Parking Lot
Days/Hours of Operation: 12Noon - 8.30pm Daily

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Square Feet: 1,775 875 Covered & Heated Patio Seating: 65 Indoors 50 Patio Parking: Large Parking Lot

Reason for Selling:

Other Interests

Additional Details:

Documents:

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