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Pizza & Italian Restaurant

  • Status: Available
  • Price: $199,000

Nima Sadati

License No:
DRE #01358748
Email:
nima@lbaweb.com
Office:
925-932-2450
Mobile:
925-932-2450
  • Listing No: 4495
  • Status: Available
  • Area: Contra Costa County
  • Price: $199,000

Description

This restaurant sounds like it has a lot of potential! Currently they serve pizza and pasta and other delicious Italian food. The restaurant serves Pizza and pasta. It’s located in a high-traffic area of a prestigious Contra Costa County city. With an indoor seating capacity of 49 and a smaller outdoor area for four, it provides a cozy atmosphere and is ideal for creating an intimate dining experience. Here are some key points to consider based on the details you shared:

Space and Layout: At 1,400 sq ft, it’s a mid-sized restaurant, which seems manageable for staff and operations.

Rent and Lease: The $6,200 monthly rent, including NNN. The lease term until 2026 with a 5-year option.

Sales and Profitability: Seller claims the annual gross revenue at $636,000/ and a net of $144,000, the restaurant has a profit margin of about 22.6%. This is decent, though there could be room to improve margins.

Beer and Wine License: This is a valuable asset for a restaurant, as it often enhances customer experience and revenue potential, especially in a cozy, upscale setting.

This seems like a solid opportunity for the right buyer.

Business Information

Ownership Type: N/A
Year Established:
Year Purchased:
Business Type: Restaurant
License(s) Required: Business, Health
Hours of Operation: 4 PM-8:30 PM
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 4495
Date Available: 11/05/2024
Reason For Sale: moving

Financial Information

Annual Total:
636,000
Revenue:
Annual Net Income:
144,000
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
6,200
Lease Expires:
Lease Option:
NNN:

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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