Pizza and Italian Restaurant with Full Liquor License
Asking Price: $395,000
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.
Reason for Sale: Owner has other interests and does not work here