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South Bay

  • Listing Number: 130-21739

    Category: Food - Restaurant

Asking Price $1,170,000
Gross Revenue $1,849,638
Total Adjusted Net Income $655,136
Equipment / Fixtures $145,000
Year Established 1997
General Location South Bay
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This is a unique opportunity to acquire a profitable Cuban restaurant in the South Bay Area! The restaurant serves authentic Cuban Cuisine. The restaurant also has a full bar and patio! Liquor License Included! The restaurant has an established reputation for delicious food and great customer service for the past 25+ years. The restaurant is located in a large Shopping Plaza and is right off the freeway. It is closed to the So-Fi stadium, Redondo Beach Performing Arts Auditorium, Manhattan Beach, and many local corporate businesses attracting a lot of foot traffic! This is a perfect opportunity for another restaurant owner to grow through expansion or a buyer with restaurant experience looking to own their own business! Call Today!

Gross Revenue
$1,849,638
Listed Price
$1,170,000
Total Income
$655,136
Base Rent
$7,152
Square Feet
2400
Total Rent
$9,152
Lease Expiration
04/2027
Rent Deposit
$4,200
Inventory
$45,000
Leasehold Improvements
100000
Equipment / Fixtures
$145,000
Other Assets
Signage and Supplies
Full-Time Employees
10
Training Period
4 weeks
Part-Time Employees
2
Special License Required
ABC License, type 47 ABC License
Reason for Selling
Seller wants to retire.

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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