Italian Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $480000
Net Profit / Cash Flow $83460
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1979
Number of Employees 4 - 5
Inventory 40000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Reason for Sale New career.
Description With almost 4,000 square feet of space, you will not run out of room in this 30+ year established Italian/Peruvian Restaurant for sale. Great corner location in a smaller center in Garden Grove. This business is run by 5 part-time employees, plus the owner and his wife. The business has a large entertainment area for live music, karaoke is done Saturday nights.(No Ent Lic)
Included in the many assets is an ABC 41 License to sell Beer & Wine.
Asset highlights: Large Walk-in, POS system, Double Pizza oven, Full hood, Deep Fryer, Oven, New Water heater, Big Screen Tv and much more. 3,900 sqft. seats 85, base rent is $6825 NNN $2,200. Lease expires in 2012 with options. The business lacks marketing. The owner does no marketing currently.
The business has a unique space available that can be used as a second business location with its own entrance or sublet to another tenant to offset the rent. This area is currently not being used. Owner will carry(OAC).
Click Here To Contact Seller
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