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STATUS: ACTIVE,
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YEAR BUILT: 1947, MLS #: A10628922,
Attention investors: Immaculate new wood oven pizza/Italian concept, serious candidate for franchising. Opened quietly March 2017. 80 seats inside + 80 seats outside, beautiful patio. Did close to 600K the 1st partial year, then $1.4M in 2018. Already selling $7k A WEEK through UBER EATS only! Great location in high end neighborhood, excellent lease in place. Restaurant people: rent 12%, COGS 25%, labor cost from 26% (2018) to 21% (2019), overheads 5% you know how much this place nets. Immense potential to develop. Seller may negotiate a longer training period for smooth transition. With similar numbers, and recent payroll reorganization, profit should jump to close to 400K this year. May qualify for E2 visa.
AMENITIES: CONCRETE BLOCK STUCCO, CENTRAL AIR CONDITIONING, PUBLIC WATER SUPPLY,
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