Hawaiian Restaurant in Torrance

Torrance, CA (Los Angeles County)

Hawaiian Restaurant in Torrance
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Asking Price: $650,000

Established: 2009

Hawaiian Restaurant in Torrance

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Asset Sale Description

This restaurant is locally famous due to several locations in Southern California. Business has been established since 2009. It became profitable restaurant whom successfully run by an absentee owner. Opens everyday from 11am to 8pm. There was a hard liquor license previously. It has a very reasonable rent rate. No leased equipment except for Coca cola machine which we pay no lease and the Dishwasher machine from Ecolab. POS system is Touch bistro. Seller owns POS equipment but pay monthly service fees. Average Gross sale for last 3 years. Approximately $1,480,000 annually and Owner's Discretional Draw is Approximately $217,000 annually. Qualified buyer can arrange longer lease. Lease will expire on September 2021 with 4 % or CPI, whichever higher. plus 2 x 2 year option to renew at CPI or 4% (1st option)  or 5% (2nd option) whichever higher. Seller has larger payroll with a lot of overtime due to longtime kitchen employees and high hourly wages.  Chef owner can have greater profits by working at the kitchen. Owner sells his business to spend more time with family. Its location is 6.5 miles away from other business seller operates. Other location includes Cerritos, Huntington Beach, South Torrance. Asset Sale. No Trade name is included.

Detailed Information

Torrance, CA
Reason for Selling:
Family matters. Owner wants to spend more time with the family.
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(from currently available funds)
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Kenichi Manabe

Asset Sale Listed By:
Ken Manabe

Sky Line Commercial Real Estat

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