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West Covina, California
$550,000Property Details
Property Description
ANNUAL GROSS: $1,184,378 / 2018
MONTHLY RENT: $16,000+$1,500 NNN
LEASE TERMS: 9 YEARS
STORE SIZE: 6,000 SF.
SEATING CAPACITY: 275 INSIDE, 25 PATIO
EMPLOYEES: 15 PT.
WAGE: $14,323/MO.
REASON FOR SELLING: LONG COMMUTE FROM HOME.
NOTE: UPGRADED, MODERN PIZZA RESTAURANT WITH BEER
WINE LICENSE ALONG WITH 12 DRAFT TAPS.
BUSY DURING LUNCH WITH BUFFET AND BUSY DURING
DINNER WITH LOCALS AND GROUPS AND SPORTING EVENTS.
9% ROYALTY WITH ONLY 5K TRANSFER FEE.
PART TIME OWNER, ONLY WORKS 25-30 HRS/WEEK.
ROOM TO GROW THIS BUSINESS WITH MORE MARKETING
TOWARDS GROUPS AND ORGAZINATIONS FOR LOCAL
BUSINESSES GATHERINGS, SPORTS TEAMS AND GROUP EVENTS.
NET INCOME: $177,724 / 2018
ASKING PRICE: $550,000+INV.
Location
West Covina, California
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