Profitable Restaurant Serving Breakfast - Lunch - Dinner

Torrance, CA (Los Angeles County)

Seller Financing Available
Eating Area of Restaurant
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Asking Price: $324,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Rent: $5,040 /Month

Established: 1968

Profitable Restaurant Serving Breakfast - Lunch - Dinner

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Business Description

Huge opportunity for a well kept restaurant that is a staple for the Torrance Area, on a great location only 1 block south of Carson Street on Western Ave. Restaurant has been in business since 1968, current owner has had it for 8 years and counting. Restaurant serves breakfast, Lunch, and a Dinner served all day. Has a 20 foot kitchen hood and 2 restrooms. Have 3 full time employees and 4 part time employees. Current total rent is: $5,040. Lease ends on: 3-1-2030, seller has a current 20 year lease. On March 1, 2019 raised a bit. Only 2-3 years it raises. $45,000 sales a month. $8,000 Net income x 12 = $96,000 for both owners working full time 40 hours. Monthly Expenses are: Electricity = $1,200, Water = $530, Gas = $700, Trash = $285, Telephone & Internet = $185, Alarm = $58. Has their own security camera system, which is included in sale. Landlord says = they are open to new business. Has newer fire system, prep counter, commercial blender, slice machine, and refrigerators.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,200
Lease Expiration:
3/1/2030
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Possible, let's make a deal happen.
Business Website:
http://matrix.crmls.org/matrix/shared/G3LKFp32ZMGd/21727WesternAvenueS
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Fernando Spindola

Business Listed By:
Fernando Spindola REALTOR®

INTERO Commercial

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