Business Details

Pizza and Italian Restaurant with Full Liquor License

Location : Orange County

Type of Business : Pizza and Italian Restaurant with Full Liquor License
In-Escrow

Asking Price: $395,000
Inventory: $10,000

Gross Sales: $900,000

Summary of Business

100% Management run business. Owner does NOT work here or spend any time here. Management runs the restaurant and is taking $200,000 a year in salary. Manager will train a buyer and then be removed from the business. The new Buyer may be able to retain Management if desired. Net profit accounts for adding back managers salary. Great upper income North Orange County location with lots of larger businesses, offices, manufacturers and newer, upper end homes. Busy neighborhood location with good parking. Great potential for Catering. 4.5 Star Yelp reviews. Full ABC liquor license added in 1 year ago. Full liquor license is included in the purchase price. Only asking 2 times net profit for an owner operator.

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Other Details

Reason for Sale: Owner has other interests and does not work here

Income

Gross Yearly Sales: $900,000
Adjusted Yearly Net Profit: $200,000

Rent

Total Rent: $6500 per month
NNN: $included in rent above
Options: 0
Sq. Ft: 2,300
Occupancy: 54

Employees

Full time: 4
Part time: 21
Hours of Operation: 11 am - 9 pm, Friday and Saturday 11 am - 10 pm Payroll: $25,000 mo.

Expenses

Insurance: $25000 mo. per year
Electric: $2100 includes Gas & Phone
Water: $Included in CAM
Trash: $Included in CAM

Additional Details


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