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. read more 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.
This listing is courtesy of the listing agent Fernando Spindola (#DWSPIFER), with the office Intero Real Estate Services.
All data for this listing was last updated on January 01, 2019 at 09:59AM.
Source: California Regional Multiple Listing Service