Italian Restaurant
Location: California > Los Angeles County
Industry: Food and Beverage > Restaurants
Financials
Asking Price: $175,000
Gross Revenue: $360,000
Cash Flow: $72,000
Inventory: $3,000 (Included in Asking Price)
FF&E: $360,000 (Included in Asking Price)
Business Summary
Italian restaurant with beer & wine License. Located on a busy street in the Burbank area. There has been a restaurant at this location for over 20 years. Current owner extensively remodeled it and opened as an Italian restaurant one year ago. Tremendous upside potential due to established businesses and residences in the area. Owner does catering as well. Restaurant is licensed for 49 seats, all inside. Owner opened this location under a license of another well-known restaurant established 44 years ago. So the business model is well tested and proven! Restaurant opens M-F 11:30am to 10:00pm, Saturday 11:30am to 11:00pm and Sunday 4:00pm-10:00pm. Current revenue is $30K/month and net profit is $6K/month. Price is $175, 000. For more information, please visit www.SunbeltCA.com print complete and fax a Confidentiality form to (818) 668 8597 and contact Rashid Khalid at (818) 342-5222 ext 324.
About the Business
Year Established: 1986
Employees: 1 full time - 2 part time
About the Sale
Management Training and Support: 2 weeks at 40 hours per week following the close of escrow.
Reason For Selling: Other interests.
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