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.
Torrance is a U.S. city in the South Bay region of Los Angeles County, California. Torrance has 1.5 miles of beaches on the Pacific Ocean.
This listing is courtesy of the listing agent Fernando Spindola (#DWSPIFER), with the office Intero Real Estate Services.