* Included in Asking Price
Italian Restaurant With 23 Year Track Record.
Asking Price: $130,000
Location: Sherman Oaks, Los Angeles County, California
Yearly Revenue: $360,000
Yearly Cash Flow: $108,000
Monthly Rent: $3,500
This well-known family-run east San Fernando Valley, Sherman Oaks, establishment has been serving authentic Italian food with fresh local ingredients with consistently good food and good service for 23 years under the same ownership. It is located at a busy cross street close to two schools, including a top-ranked high school. Whether celebrating a special occasion or gathering the family for an informal dinner, this restaurant strives to make every guest feel special and indulged with their high quality, delicious Italian cuisine. They also do an active take-out & catering business. Public parking. Great lease terms. Turn key. Equipment includes two pizza ovens.
Organization: Sole Proprietorship | Year Established: 1993 | Current Owner: 1993 | Employees: 1 FT, 2 PT | Square Footage: 1100 | Licenses Required: Health permit | Days Open/Hours: Mon - Sat. 11 a.m. - 9 p.m. | Reason For Sale: Retirement |
Yearly Revenues: $360,000 | Yearly Cash Flow: $108,000 | Payroll: $7500 |
Monthly Rent: $3,500 | Lease Expiration: 4/18 | Lease Option: Two 5 year options + |
Seller Reference #2534
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