Pizzeria / Italian Restaurant - Long Established

Long Beach, CA
Marin County


Asking Price: Annual Revenue:
$299,000 $1,060,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Pizzeria / Italian Restaurant - Long Established Broker: Seller of Business
License #: DRE#02023864

Quick Facts

Asking Price: $299,000
Annual Revenue: $1,060,000
Net Profit: $160,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 40 years
Employees: 18
BBN Listing #: 841657972
Broker Reference #: 19058ST

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Business Overview:

Established for over 40 years and under current ownership for the last 20 years is this classic Pizzeria / Italian cuisine restaurant serving high qualify food in a family friendly atmosphere. This restaurant has been a popular spot team sporting events and social club gathering of large and small.

The menu consist of Pizza, Pasta, Sandwiches, Appetizers and specials along with beer & wine (10 beers on tap) . There are lots of TVs for sporting events and a private room for more intimate gathering if needed.

Financial Analysis:

Sales: $1,060,000
Rent: $195,600
C.O.G.: $308,000
Payroll: $318,000
Misc: $78,400
___________
Net Income: $160,000

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Reason for Selling:

Retiring

Additional Details:

  • The property is leased.
  • The owner is 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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