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$ 295,000
Est. payment | /mo
1.38 Acres Lot
$ 295,000
Est. payment | /mo
1.38 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26200635
HOA Y/N No
Year Built 1989
Lot Size 1.383 Acres
Property Description
Established Italian Restaurant & Pizzeria – 30+ Years – Long Beach.
Excellent opportunity to acquire a well-established and locally recognized Italian restaurant and pizzeria that has been operating from the same Long beach location for more than 30 years.
This is a true turnkey restaurant with a long operating history, established customer base, experienced staff, and a strong reputation in the local community. The restaurant offers Italian cuisine, pizza, takeout, and its own in-house delivery service providing multiple sources of revenue without relying entirely on third-party delivery companies.
The business is currently owned by two partners. One partner has a relatively absentee role, while the other oversees the operation, providing an opportunity for a hands-on new owner to further improve profitability and grow the business.
Business Highlights:
* More than 30 years at the same location
* Established neighborhood customer base
* Well-known Italian cuisine and pizza concept
* Dine-in, takeout, and delivery
* California ABC Type 41 Beer & Wine License Included in sale, subject to transfer and ABC approval.
* In-house delivery operation
* Turnkey restaurant operation
* Experienced staff and established systems
* Approximately 3 years remaining on the current lease with 5-year lease option
* Potential for an owner-operator to increase profitability
* Seller is selling due to retirement
This is an excellent opportunity for an experienced restaurant operator, family business, or entrepreneur looking to acquire an established restaurant rather than starting from scratch.
**Financial information, business name, and exact location will be provided to qualified buyers after execution of a Confidentiality Agreement/NDA.**
Serious and financially qualified inquiries only.
Excellent opportunity to acquire a well-established and locally recognized Italian restaurant and pizzeria that has been operating from the same Long beach location for more than 30 years.
This is a true turnkey restaurant with a long operating history, established customer base, experienced staff, and a strong reputation in the local community. The restaurant offers Italian cuisine, pizza, takeout, and its own in-house delivery service providing multiple sources of revenue without relying entirely on third-party delivery companies.
The business is currently owned by two partners. One partner has a relatively absentee role, while the other oversees the operation, providing an opportunity for a hands-on new owner to further improve profitability and grow the business.
Business Highlights:
* More than 30 years at the same location
* Established neighborhood customer base
* Well-known Italian cuisine and pizza concept
* Dine-in, takeout, and delivery
* California ABC Type 41 Beer & Wine License Included in sale, subject to transfer and ABC approval.
* In-house delivery operation
* Turnkey restaurant operation
* Experienced staff and established systems
* Approximately 3 years remaining on the current lease with 5-year lease option
* Potential for an owner-operator to increase profitability
* Seller is selling due to retirement
This is an excellent opportunity for an experienced restaurant operator, family business, or entrepreneur looking to acquire an established restaurant rather than starting from scratch.
**Financial information, business name, and exact location will be provided to qualified buyers after execution of a Confidentiality Agreement/NDA.**
Serious and financially qualified inquiries only.
Location
State CA
County Los Angeles
Area 42 - El Dorado Park
Interior
Inclusions Furniture, fixtures, equipment and Type 41 beer & wine license, subject to final inventory and applicable transfer approvals.
Fireplace No
Others
Tax ID 7070002032
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Daryoush Shahidzadeh MONARCH BUSINESS BROKERS 949-910-5580, DRE #01873211