• Active | 21727 S Western Avenue Torrance, CA 90501 0
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21727 S Western Avenue

Torrance, CA 90501

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$324,000

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JB Real Estate & Investment Inc.
Real Estate Group
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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. 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.

Key Details

Property Info

  • Cost: $324,000
  • Property Sub-Type: Business Opportunity
  • MLS #: DW18259174

Location

21727 S Western Avenue Torrance, CA 90501
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Agent

JB Real Estate & Investment Inc.
Real Estate Group
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$1,299
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Listing Providers

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

The information is being provided by California Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2019 California Regional Multiple Listing Service (CRMLS). All Rights Reserved.

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JB Real Estate & Investment Inc.
Real Estate Group
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