Customer Favorite Restaurant Opportunity

Gross sales for 2021 higher than Pre-Covid 2019. Profitable Italian restaurant in 90048 established in the mid-90’s with the same owner is being offered for the first time. They are mostly absentee owners, with a full-team running the kitchen and the front of the house. Owners retiring. Steady history of sales with impressive cash flow. Full Set of Books and Records for this Rare very Profitable Business Opportunity. High visibility, street exposure with cars and pedestrians. Offers in dining, patio dining, take out, deliveries Fully equipped, classic decor, ABC 41, tremendous goodwill. Estimated $5,000 of inventory at cost included in the sale’s price, recipes, training, FFE, and more. Requiring Confidentiality and NDA form with POF to disclose more details. Business qualifies for an SBA loan, but its financing and down payment are also dependent on the buyer's financial strength and experience. Location: Los Angeles, California Year Established: 1994 Number of Employees: 8 Real Estate: Leased Building Sq. Ft.: 1,600 Market Outlook/ Competition: There is no shortage of restaurants in this area, this venue has been a customer favorite for about 30 years, making it an established market leader. Its name, decades of goodwill, stellar reviews and main street pedestrians and drive-by visibility all create the perfect storm of restaurant attributes that provide this venue an unmatched competitive advantage. Growth & Expansion: Open longer hours - Open for weekend brunches - Add Happy Hour - Add an a Full liquor license (ABC 47) - Add deliveries Apps (Doordash - Ubereats, etc) Absentee owner, this operation may benefit from a full-time working owner-operator with industry experience and is able to minimize expenses while bolstering the establishment’s already stellar revenues.