Long Beach, CA 90808

$295,000

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List Price
$295,000
Status
ACTIVE
MLS#
OC26200635
Year Built
1989
Lot Size
60,225
Acres
1.38
Days on Market
17
Property Type
Investment

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.

Additional Information

Attached Structure
Detached

Listing courtesy of Listing Agent: Daryoush Shahidzadeh (dave@monarchbusinessbrokers.com) from Listing Office: MONARCH BUSINESS BROKERS.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.