Pizza: Low Rent $1,700/mo, Net $48K, Asking $69K only, Whittier

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Pizza: Low Rent $1,700/m, Rev $168K, Asking $69K only, Whittier
Asking Price:
$69,000

Gross Revenue:
$168,000
Cash Flow:
$42,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,500
not included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

The compact size Pizza eatery located in a recently remodeled / well-structured strip mall. Because there is no dining rooms inside, it is a structure where wages are saved by reducing the number of shift workers. Rent blow the market. Overall, the region and surrounding areas are characterized by diverse and dynamic businesses with a high population. The seller is very motivated to negotiate the price. The seller operates four or more pizzas, one of which seems to be out of control due to distance. Here is a simplified business overview on a monthly basis:
• Gross revenue is $14,000/mo
• The net income is $4,000/mo
• Rent is $1,700/mo, including NNN
• Premise size is approx. 1,300 sqft
• Currently month-to-month lease. But no problem to get a new lease
• 3 employees. One owner works 3 day a week
• Utilities, including insurance, alarm, mainte. pest control,permits, merchants fees
are abt $1,200/mo
• Hours are Mon-Sun from 10 am - 9 pm
• Established for 4 years by the current owner
• Good parking on front and side

About the Business

Year Established:
2014
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
1,300
Lease Rate/Sq. Ft./Mo.:
$1,700.00
Facilities:
Pizza oven, Hood, Fully equipped kitchen, Cooler
Market Outlook/
Competition:
Yes
Growth & Expansion:
Open dining rooms, Use patio tables, Live local marketing activities including flyers, Owner should spend more time in his business to better manage his operation with faster service and quality control.
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About the Sale

Reason For Selling:
Having more businesses. Too far
Training/Support:
2 weeks after close of escrow

Listing Info

ID:
1465934
Ad Detail Views:
419

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Business Listed by

Kevin Kim

Bee Realty Group - BRE 01922126

 Show Phone Number

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