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Asking Price: $219,000

$219,000 – “Pedone’s Pizza & Italian” Restaurant

Hermosa Beach, CA
Los angeles County

$219,000 – “Pedone’s Pizza & Italian” Restaurant Located in Highly Desired Downtown Hermosa Beach, Steps From the Beach!RRC#  4968Location:1332 Hermosa Ave, Hermosa BeachDescription:First time budding restaurateurs wanting their own business need to look at this great opportunity for only $219,000 in prime downtown Hermosa Beach. Nestled a block away from a world-famous beach, the strand walk/bike path and numerous hotels, lies this 1819 sq foot restaurant. Hermosa Beach is one of the most popular and affluent beach communities in California. Fully renovated and modernized "interior and exterior" just 2 years ago gives the space a relaxed atmosphere at an incredibly good selling price! "No Tire Kickers Please". This Italian/Pizza business has been making serious pizza, pasta & other Italian food for more than 50 years. During this time, they have won multiple awards including Best Pizza, Best Pasta Dishes and Best Wings, with third party deliveries making up a large portion of the revenues. A beautiful large outdoor patio allows customers to enjoy the ocean air, making Pedone's a popular seaside resort restaurant. This restaurant offers sitting inside and outside for 130 patrons, a large fully equipped kitchen with walk-in cooler, a long granite bar countertop and an 18 beer tap system and an elaborate sound/tv system for events. The current owner offers live entertainment for customers to enjoy musicians, trivia, and comedy nights. Owner will provide all of the entertainment contact info. An ABC type 47 Beer & Wine license, the business name, social media sites, all online food ordering sites, customer list and all equipment/fixtures are included for this profitable LA coastal town restaurant. Incoming new ownership can keep the existing concept or change it to suit their own needs. Adjacent to Pedone's is a 200-spot parking structure, parking lot and plenty of street parking which makes this restaurant ideal. For the right qualified Buyer, SBA financing may be available to experienced Buyers with good credit. 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.Financial Information:Monthly Revenue: $36,260 Monthly Cash Flow: $8,855 Annual Revenue: $435,000 Annual Cash Flow: $106,268 General Info:Ownership: Sole Proprietorship Established:1973 Employees:7  Reason For Sale: RetirementMonthly Rent: $12,000 Inclusive Water, Trash & Grease Trap Expiration: 2027  plus 5 yr Lease Option Facilities:Square Feet: 1,819 Seating: 60 inside 70 Large Patio  Parking: Adjacent Parking Structure, Parking Lot & Street Parking Licenses:ABC Type 41, Health & Business Permit  Days/Hours of Operation: Sun-Thurs 12pm-12am, Fri/Sat 12pm-2am

Cash Flow $106,268
Revenue $435,000

Asking Price: $160,000

Own a successful pizza,deli & convenience business

Not Disclosed, MA
Middlesex County

Price Reduced - Own Successful pizza, deli & convenience businessThis is a unique opportunity to own a well-established restaurant, pizza, and convenience store located in a prime location on the main road. The business has been running for more than two decades and has an extensive customer base. The financials of the business are impressive, and an owner-operator can thrive in this profitable venture.The restaurant offers a range of delicious pizza, subs, and sandwiches made with high-quality, fresh ingredients. The food is expertly prepared and can be enjoyed either through delivery or dining in-house.The convenience store provides an extensive selection of items, including groceries, snacks, and drinks, among others.The restaurant and convenience store have a dedicated team of employees who prioritize providing exceptional customer service. Additionally, the restaurant's convenient location makes it easily accessible to customers through public transportation.For more information about this incredible opportunity, please contact us today!Additional details about the facility include a seating capacity of 12 guests indoors and six guests in the outdoor seating area. The restaurant boasts 18 parking spots - 12 at the front and six at the back - and has two entrances, one on the front and another on the side. The basement houses a vast storage area, and the restaurant is also equipped with a large walk-in cooler, a walk-in freezer, five freezers, and three display refrigerators.

Cash Flow Not Disclosed
Revenue Not Disclosed

Asking Price: $405,000

Passive Ownership at Pizza Restaurant

Not Disclosed, CT
Windham County

The owner is passive with 3 managers on staff at this pizza restaurant! With nearly $1M in revenue and 90% of sales being takeout and self-performed delivery, this homemade pizza joint includes over $150,000 in assets upon its purchase! Located in Northeastern Connecticut, this restaurant serves pizza 50% through takeout and drive-through, 40% through delivery, and the other 10% through dine-in and catering. It is the only pizza joint in its market that offers a drive-through option. The company was established as a small take-out pizza shop in 1986 by the current owner’s father; the owner opened this location in 2009. Because of the long history in the community, this restaurant has a strong brand presence, being a long-term staple in the area. There are 20 qualified and reliable personnel in place with 3 being full-time and 17 being part-time. The full-time manager, assistant manager, and shift supervisor take care of the daily activities, allowing the owner to only handle general oversight. Due to COVID-19, the pizza joint had to close for two weeks. But even so, the sales are up from last year given that dine-in was only 10% of sales before COVID-19. With an expansion in catering and alcohol sales, this restaurant would see continued growth. Priced at $405,000, a 15% down payment of $60,750 returns $95,450 in the first year after debt payments, which is a 157% return on investment.

Cash Flow $146,810
Revenue $983,927
$ Owner Financing Available

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