Long Established Italian Restaurant and Pizzeria extremely Low Rent

This restaurant has been established for over 50 years and has been under current ownership since the early 1980’s. The space is over 4000 square feet and there is 5 years left under the current term and 6 years in options to exercise. The sales have been steady at around the $1m range and the rent is at such a low rate, the long-term profitability is sustainable. There is plenty of parking and very close to the 405 freeway with great visibility from this major thoroughfare.

The menu consists of Pizza, Pasta, Wings, and Sub sandwiches with a great selection of beer, wine, and non-alcoholic beverages. There is also a game room and bar area with TVs for team gatherings and activities. The restaurant uses all delivery platforms to maximize sales and be accessible to the surrounding area for all takeout orders.


LEASE BUILDING INFO.
Monthly Rent: $4800 Square ft: 4000
Expiration: 2029 Patron capacity: 100
Options: Buyer to qualify Patio: No
Deposit: Buyer to qualify Hours of Operation: 11-9

OPERATIONS FINANCIALS
Years established: 50+ yrs
Monthly sales: $81K
No. of employees 25+
Monthly cash flow: $19k+
Monthly payroll: $17K Annual Sales: $977k
Absentee run: Semi-
Annual Revenue: $227k+ (approx.)

2023 MONTHLY FINANCIAL ANALYSIS
Sales: $81k
Rent: $4800
Payroll: $17k C.O.G.: 27K
Misc: $13k (Uncontrollable of utilities, credit card processing, maintenance etc.)
Net Potential income: $19k monthly or $227k a year (Including officer salary of $104k)