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Warm & Inviting Italian Restaurant w/Full Liquor & Patio! Established Clientele


Pasta_plate

Superb, family-owned & operated Italian restaurant since 1996, with a warm, casual dining room, semi-enclosed patio and full liquor license. Located in a pleasant suburb in the northern LA foothills near shops & restaurants. A favorite with established clientele for Italian dishes, pasta, pizza, fish, family dinners, plus excellent wines and cocktails. The patio with water fountain and pretty views creates the perfect venue for dining, anniversary parties, birthdays, and showers. This is a very lovely restaurant that has been the family’s pride and joy for nearly 25 years with long-term staff. There is potential to increase revenue by opening for lunch and on Mondays. Dining room seats 49 people and the patio 40. Remodeled in 2005.  The owner owns the real estate as well.

There is no hiding the pride of ownership of this building and business. This is a very well-maintained property with parking for 16 cars.  Well-equipped kitchen and back of the house includes extensive equipment, furniture and fixtures. Complete with large wood/gas pizza oven, 2 additional 6 ft. hoods and 12 ft cook line, POS system, security system, espresso machine, wine storage for approximately 350 bottles, walk-in cooler and more.                              



Listed By: Teri Craft

Background information

Reference:

italian1996

Year established:

1996

Reason selling:

Retirement

Finance

Sales:

$1,235,222

Profits:

$284,541

Profit type:

Net Income

Operations

Employees:

13-15

Equipment:

Well equipped throughout with large wood/gas pizza oven, 12-foot cook line with double hoods, salamander, food warmers, food prep tables, grill, fryer, 14 burner stove top with ovens, espresso machine, walk-in cooler, refrigeration, floor mixer, wine storage, furnishings, POS system, security system plus, all small wares, dinnerware, glassware, flatware etc.

Inventory:

Extensive wine inventory

Premises

Facility:

Well maintained restaurant and property with parking for 16 cars.

Square footage:

2400

Rent and lease terms:

$8,500 monthly base rent plus, NNN charges of approx. $1,500. Owner to issue 5-year lease with 5-year option.

Location:

Located in the northern foothills of a L.A. county suburb, near freeway, shops, businesses and a major hospital. Busy street with great visibility.

Opportunities

Market:

Increasing sales and profit each year.

Price and terms

Price:

$600,000

Down payment:

$57,500

Training:

Seller will provide training