Authentic Chinese Restaurant

Torrance, CA
Los Angeles County

Located on a major thoroughfare

Asking Price: Annual Revenue:
$249,000 $750,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Authentic Chinese Restaurant Broker: Steve Torabi
License #: DRE#02023864

Quick Facts

Asking Price: $249,000
Annual Revenue: $750,000
Net Profit: $100,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 8
BBN Listing #: 941757972
Broker Reference #: 19064ST

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Business Overview:

This is an authentic Chinese restaurant with classic recipes and menu items. The location is a major thoroughfare and the building is free standing with its own parking lot. The sales are strong at $64,000 a month and the rent is $7,000 including NNN. This is a 100% absentee run store and an owner operator can reduce the labor which is currently at 35%. The cost of goods are well managed at 25% and the uncontrollable expenses are well maintained at 12%. The store is profitable and a hands on owner operator can increase the profit by managing the labor.

Sales: $64,000
Rent: $7,000
COG: $16,000 (This is below industry standard of 30% due to the type of cuisine)
Payroll: $20,000 (Industry Standard of 30%)
Misc.: $8,000
Net potential income: $13,000 or $156,000 a year if owner operated and the payroll is managed better.

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Property Features and Assets:

This is a free standing building with its own parking lot with great visibility located on this major thoroughfare.

Reason for Selling:

Moving out of the area

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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