Business for Sale

Family Pizzeria ~ Year-over-Year Growth

BizEx1225-TM

Background

General Location:Westchester, CA
Category: Restaurants
Years in Business:15+
Under Present Owner:2 (same family)
Hours of Operation:Mon. thru Sun. 11am - 9pm
Owner Hours:40
Training:2 weeks @ 20 hours
Organization Type:S-Corp
Lease Expiration:04/2024
Lease Options:(2) 5 yr. Options
Building Size:1500 sqft.
Employees:7
Reason for Sale:Other Family Commitments

Financials

Asking Price:$320,000
Down Payment:$32,000
Gross Sales:$639,766
Discretionary Cash Flow:$147,128
FF&E:TBD
Inventory Included?Yes
Inventory:$2,500
Min. Operating Capital:$8,000
Real Estate Available?No
Rent:$4,624
Financing:SBA

2016 2017
Gross Sales $ 543,901 $ 639,766
Gross Profit $ 334,510 $ 393,398
Disc. Earnings $ 30,655 $ 115,385

Pictures


Description

COMPANY OVERVIEW

For sale is a wonderfully built out pizzeria with Beer and Wine in place.  This warm and welcoming neighborhood pizzeria, that was built around traditional Italian recipes, has been in the family for over 15 years.  The place has a great sense of community that feels more like family.

Located in a growing neighborhood with close proximity to LAX and its surrounding business districts, this location is ready for a new owner to purchase a turnkey operation and continue to build top line growth.

VALUE PROPOSITION

  • Authentic New York Pizzeria
  • Prime location in densely populated part of the city
  • Trusted pizzeria of the surrounding neighborhood families
  • Established reputation for prompt service with local businesses

SERVICES

  • In-store dining
  • Beer & Wine License
  • Third-party of delivery drivers 
  • Ability to serve large catering orders
  • Ample and convenient parking with high street traffic signage

Due to Seller's family and professional time commitments, they're offering this rare opportunity for the right buyer to continue the long-term success of the business. 


Download Setup Sheet



Disclaimer: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.

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Tony Miller
M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 143
Direct: (310) 801-0512
Lic#: 02004232