Tupelo Data Room
American Restaurants
Active

Excellent Profitable Seafood QSR Includes Apt/Office Upstairs

Inglewood, Los Angeles County, California 90305, United States
Asking Price$175k
Revenue$1.50m
EBITDA-
Cash Flow$108k
Description
A signed NDA and proof of funds in excess of $175k will be needed to answer any questions (address, trade name etc) about this business. Seller will consider financing with 75% down for well qualified, experienced operator. https://drive.google.com/file/d/1XJHUoIIj6Jd_8kF160MxF__eenHF5ylX/view?usp=sharing 3,000 sf seafood restaurant located in Inglewood, CA just over 1 mile from SoFi Stadium/YouTube Theater. This business does mostly carryout serving local residents and people who want to get delicious seafood before going to a game, concert or event at SoFi Stadium (70,000 seats!) or YouTube Theater (6,000 seats!). Opened in March 2022, the current owners built out this custom commercial kitchen, dining room and retail area from a white box retail space. There is additional 500 sf space above the restaurant that is currently used as an office but could be used as a one bedroom apartment as it has a full bathroom and standing shower. Totally SF is 3000. There are two parking spaces at no additional charge at the rear of the unit. All equipment is owned by the business, nothing is leased. Employees are not aware of the sale. Your discretion is appreciated. Please direct all question to Broker. As of July 1, 2023 the base rent - $4,220.66 NNN - $900 per month. Payroll is $16,000 monthly. Current lease ends October 31, 2024. There is one five year option to extend. Utilities run right under $2,000 per month. HVAC works, had new air ducts put in. Vent hood return air has cool air blowing back in. No issue with plumbing. New Buyer must sign a personal guarantee to qualify for new lease. $500 charge by Landlord to approve new Buyer/Lessee Partners opened March 2022 with a net sale report stating $86,823.55. Currently closed Tuesdays and Wednesday but could be open every day. Current hours are noon - 8pm. Most of the business is carryout. Bank statements, POS statements are available to qualified buyer with a signed NDA and proof of funds. SOFI STADIUM, EVENT CALENDAR: FOOTBALL, CONCERTS - 70,000 SEATS https://www.sofistadium.com/upcoming-events/ YOUTUBE THEATER MUSIC VENUE, 6,000 SEAT - EVENT SCHEDULE https://www.youtubetheater.com/#r48?youtube-theater-insiders A signed NDA and proof of funds in excess of $175k will be needed to answer any questions (address, trade name etc) about this business. There IS seller financing available. https://drive.google.com/file/d/1XJHUoIIj6Jd_8kF160MxF__eenHF5ylX/view?usp=sharing Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified. DRE #01963614
Real Estate
Rent is $409,800 per month
Building Size: 3000 sq. ft.
Furniture Fixtures & Equipment
$124k
Business is
Absentee Owner
Number of EmployeesFull-Time: 6
Year Established
2022
Reason Selling
Aging parents need care - Owners live an hour away and want to be closer to home
Facilities & Assets
All kitchen equipment, pots and pans, smallwares, FF&E. Equipment value is $124,300.00 and there is a list. It conveys with the sale through escrow.
Support & Training
Owner will offer up to two weeks training. Negotiable.
Financing Options
Seller financing is available.Seller will consider financing with 75% down for well qualified, experienced operator
Asking Price$175k