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Italian Restaurant, B & W, Outside Patio

For Sale in Long Beach, CA

Listing ID: 1503266 | Broker Listing ID:
Listing Price: $299,000

Financial & Assets Details

Revenues: $709,000
FF&E: $75,000
Inventory: $10,000
Square Feet: 3000+/-

About the Business

Year Established: 1979
Employees: 2 FT. 14 PT
Lease Amount: $8,500

Business Description

Nicely decorated Italian Restaurant with Beer and Wine License. Business seats 40 inside and 60 in nicely decorated outside patio Business did $709K in sales in 2018 which is down from over $1 Million in prior years due to health problems encountered by Seller. The business does no advertisement and very little catering and delivery at this time---an area that can be easily increased. Seller is ready to retire and regain health after 40 years in the business. Seller owns the property and will give long term lease to Buyer

Growth & Expansion

Business sales have suffered due to Health Problems of Seller. Can increase sales with some advertisement and increased Delivery and Catering.

Market Competition:

Business is well established with large base of repeat Customers

Location Details:

Business is located in good area near Ocean and Downtown

Support & Training

Seller will Train

Reason for Selling:

Retirement after 40 years in Family.

Listing ID: 1503266

Contact Broker

BIR BUsiness Brokers www.bir.us Listings: 14(310) 704-7075 View My Listings

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