Soul Food Diner: Hi-vol, Absentee, Rev $946K, Lots of To-go, Prc $450K

• Hi volume "Soul Food" restaurant surrounded by huge African-American neighboords in Inglewood.
• Absentee, Turnkey
• Monthly gross sales are an average of $78,800, which represents dining-in sales only.
• Extra sales of about $30,000 through catering and delivery orders not included on the above sales, coming to a total monthly sales of $108,800 on average.
• Possible net income is $13,000 per month. Remember this is absentee-run income. As per seller, not verified by broker.
• Reasonable rent is $4,800 including CAM estimate
• Premise is approx. 2,800 sq. ft., including upstairs of extra living space (one bed, one bath)
• Very good lease terms w/7 years remaining on the current lease plus a 10-yr option to renew
• Staff: 2 FT, 6 PT with salaries & wages of $25,500 a monthh
• Business hours: 9 am to 8 pm, 7 days
• Full cash buyers preferred as it was established a year ago. SBA not qualified, but still a 50% down term-business loan posible
• “Note”
> All information contained in this document is solely the result of statements made by the seller.
> Action Realty Task, Inc.’s Brokers, its agents, or subsidiaries make no representations or warranties as to the accuracy, completeness or validity of such information.
> Purchasers are encouraged to seek the advice of accountants, attorneys and/or other available business advisors, if deemed necessary, to verify the accuracy of any business information provided through our ads.