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- RE: Pizza Venue W/Street Visibility
- Contact: Ryan Clark
Quick Facts
Asking Price: | $95,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $10,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2019 | |
Employees: | Not Disclosed | |
BBN Listing #: | 996405 | |
Broker Reference #: | TRIPIZZA |
Business Overview:
This Hancock Park / Koreatown area pizza venue boasts a highly visible storefront on a major throughway that makes it an ideal location for delivery services or for catering, given its convenient access to both of these major marketplaces. The fully outfitted kitchen may be ideal for any number of alternate concepts. The facility has onsite parking spaces for staff or customers, with walk-traffic and plentiful street parking.
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Property Features and Assets:
This 1,000 square foot facility leases for $3.5k per month on a lease until 12/2029. The kitchen equipment includes a double deck Baker’s Pride pizza oven, a 6 by 8 foot North Star freezer and a 6 x 10 foot walk-in North Star cooler, an industrial mixer, a Wolf oven with a burner stove, American Range fryer, a 5 foot Polar sandwich refrigerator, salad and additional food preparation tables, 3 bucket sink and much more. All of the business’s furniture, fixtures, equipment and goodwill will be included.
Market Competition and Expansion:
Los Angeles is a highly competitive market for pizza take-out and delivery, as well as the additional comfort-oriented fare this concept offers. With that said, this venue’s location’s convenient to the high discretionary income Hancock Park area, coupled with its proximity to a number of Wilshire and the adjacent area businesses, high rises, schools, churches and other organizations provide it a large number of potential clients for delivery and take-out or dine-in orders, thus providing it a distinct advantage over many competitors.
New operators will want to capitalize on the venue’s spacious, take-out oriented kitchen to capitalize on the take-out, delivery and catering markets, while also offering patrons an onsite dining option. With a similar concept, they may be able to leverage the venue’s customer base to add complementary offerings or simply capitalize on the versatile space to implement any food, delivery or catering related concepts - landlord, planning and building & safety zoning permitting.
Reason for Selling:
Personal. Kindly ask the seller for more information.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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