Business Details

Take Out Pizza Restaurant

Location : Los Angeles

Type of Business : Take Out Pizza Restaurant

Asking Price: $250,000
Inventory: $10,000

Gross Sales: $731,000

Summary of Business

Busy take-out Pizza shop with good food and a great reputation. Open 6 days per week. 80% of the sales are take out and 20% delivery. The seller does not work in the business. Help Run Business. The wife works part-time and is on the above payroll for $500 per week. Needs a hands-on owner who will bring payroll into the industry norm. The current payroll is 45% of sales including payroll tax. Almost double the norm for take-out Pizza. Good looking store in a densely populated area. A new engaged Owner will enjoy a brisk business and earn a nice income as this business already has strong sales. Excellent equipment. Walk-in Cooler, Lincoln XLT double conveyor Pizza Oven. 2 hoods, 60 Quart Hobart mixer, and more. The buyer can use the business name and logo at this location only.

The seller will carry a $100,000 note. Terms to be negotiated.

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Other Details

Reason for Sale: Other Interests

Income

Gross Yearly Sales: $731,000
Adjusted Yearly Net Profit: $35,000

Rent

Total Rent: $4,500
Options: 0
Sq. Ft: 1,200
Occupancy: 34

Employees

Number of Employees: 8
Full time: 3
Part time: 5
Hours of Operation: Tues-Thurs 11am - 9pm / Fri-Sund 11am - 10pm Payroll: $27,500

Expenses

Insurance: $3,720 per year
Gas: $1,840
Electric: $included in Gas
Water: $inc in rent
Phone: $200
Trash: $inc in rent

Additional Details

Year Established: 2015


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