Motivated seller. Price reduced from $750,000 to $499,000. Restaurant business next to Beverly Hill. business for sale only, not including property. Base rent is 9,570.86. CAM is 1,784.17. Johnnies New York Pizzeria and Cafe is a successful establishment With beer and wine license. Newly remodeled with the NEW POS system(automatically calculates daily sales and emails them nightly) ice machine( Smaller, energy efficient, makes more ice than the former) , menu( Easy to update prices using a PDF), toilet, rugs, paint job,overhead radio, LED Lights, Website( Easy to update prices/ Customer database/ Working shopping cart/ Promotions and coupon codes/ Orders arrive on an iPAD No more faxes and wasting paper and ink), drying rack, cambro containers. Online scheduling for employees. The Museum Square development is 25,852 SF parcel to create a new finance able building. New building is going to be 13-story, approximately 249,500 SF and with 2 levels addition parking to the existing 5-level parking. The 13 story building will be 207 FT high and the parking structure will be approximately 72 SF high. This will attract more business and population by maximizing the opportunities for the local can regional economy.Owner is motivated to sell at lower than market price.Johnnie's New York Pizzeria and Cafe is a national franchise established in 1984 that is in a great location right next to Beverly Hills, the famous Los Angeles Museum of Modern Art (LACMA), La Brea Tar Pits, the Screen Actors Guild (SAG), E News Network, Oprah Winfrey Network, and the Peterson Automotive Museum. It has been serving the tantalizing flavors of Italy in its unique location in the Miracle Mile area of Los Angeles. It borders the mid-Los Angeles and Fairfax Districts, Beverly Hills and as well as Hancock Park.Rent is $11,355.03/ month. Lease expired by 9/30/2021. No options.
5,200 Sq. Ft.
- Listing Status: Active