Well known Italian Restaurant on Prime Melrose Blvd with full Liquor

Asking Price$320,000

Cash Flow
$70,000

EBITDA$70,000

Gross Revenue$720,000

Inventory$10,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

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Well known Italian Restaurant on Prime Melrose Blvd with full Liquor


Asking Price$320,000

Cash Flow
$70,000

EBITDA$70,000

Gross Revenue$720,000

Inventory$10,000
Not included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Well known Italian Restaurant on Prime Melrose Blvd with full Liquor type 47 for sale
REMARK: Well known Italian Restaurant on Melrose Blvd since 1995
REMARK: Equipped with Full Liquor License and patio is permitted for alcohol consumption
REMARK: Well known for great food, great service and Great wine selection and Liquor
REMARK: prime location on Melrose Boulevard
REMARK: Semi Absentee Owner, mostly run by employees, owner does purchasing only

BUSINESS TYPE: Italian Restaurant with Full Liquor
LICENSES: License type 47 - onsale - full Liquor
BUILDING & PARKING: Street Front with 7 parking spaces located in the Real
SEATING CAPACITY: Approx 70 more or less
DAYS OPEN & HOURS: 6 Days 05:00pm to 10:00pm, weekend close @ 12pm
Area: LOS ANGELES, CA, 90038
STORE SIZE: Approx 1,900 SQ. FT. + Patios
HOW LONG EST: Since 1995 and operated by current owner since 1995
NO. OF EMPLOYEE: 9 part-times
OWNER'S WORKING HOURS: Owner works 2 days a week or equal to 6 hours a week

Monthly
Approx Total, Gross Sales , before sales tax $60,000.00
Allocation of Sales
Food $45,000.00
Liquor, Beer & Wine $15,000.00
Total Gross Sales: $60,000.00

Cost $13,200.00
Gross Profit $46,800.00

Expenses, Approx Monthly
Total Expenses $40,750.00
monthly average Net Income with Semi Absentee Owner $6,050.00

Please, under any circumstances, do not Disturb discuss the sale of the business with any employer/seller, employee or business neighbor, For more information please contact REMY CHEN through this website

Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.
About the Business
Years in Operation
30
About the Sale
Seller Motivation
wants to retire
Listing Info
ID
2418077
Listing Views
8

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Business Listed by: Remy Chen Ivy Realty Co.

Listing ID: 2418077 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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