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$249,000 – “Pedone’s Pizza & Italian” Restaurant located in Hermosa Beach - Los Angeles County RRC# 4968Location:1332 Hermosa Ave, Hermosa BeachDescription:First time budding restaurateurs wanting their own business need to look at this great opportunity for only $249,000 in prime downtown Hermosa Beach. Nestled a block away from the world-famous beach and strand in" Hermosa Beach lies this 1819 sq foot. Hermosa Beach is one of the most popular and affluent beach communities in California. Fully renovated and modernized "interior and exterior" just 2 years ago giving the space an extremely relaxed atmosphere. This Pizza business has been making serious Pizza for more than 50 years. During this time, they have won multiple awards including Best Pizza, Best Pasta Dishes and Best Wings. Third party deliveries make up a large portion of the revenues with sitting inside and outside for 130 patrons. Beautiful large outdoor patio allows customers to enjoy the ocean air, making Pedone's a popular seaside resort restaurant. Large fully equipped kitchen with a big walk-in cooler and a long granite bar countertop and an 18 beer tap system. An ABC type 47 Beer & Wine license, the business name, social media sites, customer list and all equipment are included for this profitable, LA coastal town restaurant. Adjacent 200 spot parking structure, parking lot and plenty of street parking make this restaurant ideal. For the right qualified Buyer, SBA financing may be available to experienced Buyers with good credit. To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution, please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.Financial Information:Monthly Revenue: $36,260 Monthly Cash Flow: $8,855 Annual Revenue: $435,000 Annual Cash Flow: $106,268 General Info:Ownership: Sole Proprietorship Established:1973 Employees:7 Reason For Sale: RetirementMonthly Rent: $12,000 Inclusive Water, Trash & Grease Trap Expiration: 2027 plus 5 yr Lease Option Facilities:Square Feet: 1,819 Seating: 60 inside 60 Large Patio Parking: Adjacent Parking Structure, Parking Lot & Street Parking Licenses:ABC Type 41, Health & Business Permit Days/Hours of Operation: 12.00pm - 12.00am Daily
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