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VR Business Brokers - Artesia, CA
17100 PIONEER BLVD #195
ARTESIA, CA 90701
(562) 402-2686
www.bizbizbiz.com
roopasyed@gmail.com
 

VR Business Brokers - Artesia, CA

17100 PIONEER BLVD #195
ARTESIA, CA 90701
(562) 402-2686
www.bizbizbiz.com
roopasyed@gmail.com

Business Listing Details

LISTING#:
01984215RS

C0520: Restaurants
Italian Restaurant, Beer, Wine, High Volume
LOCATION: Palmdale
  
ASKING
PRICE

$395,000
AMOUNT
DOWN

$395,000
REVENUES:
  
$917,385
DISCRETIONARY
EARNINGS

$175,000
TOTAL
ASSETS

High volume, very busy Italian restaurant, been established for over 28 years located in a high trafficked shopping center, anchored by Big Box store, other eateries and services. Boasting casual, friendly dining that caters to both vegetarians and non vegs with plenty of mouth watering choices. Steady increase in sales for over last 9 years. Contracts with city of Palmdale and school district in place along with catering and over $22,000 in deliveries in 10 miles radius.
Awesome Google reviews!  
1 Manager and 3 Assistant Managers. Most of the equipment is fairly new. Long Equipment list includes 5 TV's, Hood, ice machine, security sys.. pizza ovens. mixers. slicers., fryers, grill and Revention POS to name the least.  
Owner will train for 1 month free of charge and will introduce to the contacts in their marketing sphere.  
Food and bar cost of sales.. 32%... utilities. $2000... payroll $15,800.. rent..$5900.  
Seller says good books and records.  
Beer and wine license.  
Restaurant has received accolades in several community newspapers and is very well liked by it's patrons.
 
Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies.

Contact:  ROOPA SYED
Phone:  (562) 402-2686
Cell:  (951) 751-4955
E-Mail:  roopasyed@gmail.com
VR Business Brokers - Artesia, CA
17100 PIONEER BLVD #195
ARTESIA, CA 90701
www.bizbizbiz.com
Listing Number:  01984215RS