Best Southern Cuisine Restaurant
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $625000
Net Profit / Cash Flow $145000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1991
Number of Employees 10 - 19
Inventory 15000
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training 1 week
Reason for Sale Retiring
Description This restaurant has served Soul Food in South Bay for more than 20 years. The business is successful but the owner is looking at retirement.
The restaurant is located in a small strip shopping center near a college and a golf course. The space is 950 square feet, 25 seats, and full-kitchen with many parking spaces available.
"Take out" is about 75% of their business. No alcohol license. Most dishes (particularly among the daily specials) are done in advance. The long-time employees are well-trained and run daily operations.
The food of this restaurant has been known to be the best soul food in LA. Also it is known as a healthier place than typical soul food restaurants. The concept of this restaurant is very unique, "Healthy Home Cooking" that is still Southern/Soul Food. The owner is willing to share their original recipe with a new owner.
This is a good opportunity for someone who is interested in expanding to multiple operations. The current operation is compact because of the location. It will be easy to copy to other locations with some modification depending on the place. It would be a hit in some other places like Redondo Beach, Hermosa Beach and Manhattan Beach.
Note: All data on this business is provided by the Seller for information purposes only and no representations are made by Broker as to accuracy. Broker has made no independent verification of the data contained herein. Buyer is advised to perform its own independent due diligence and seek the advice of professionals prior to purchasing the Business.
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