$295,000.00
Asking Price
Address: Century City, 90067.
Status: Active
Posting ID: 284643
2/11/24
Description
For sale is a very spacious, fully equipped kitchen with a hood & gas-operated fryer and grill. It is open only 5 days a week with very short business hours, from 7:30 am to 2:30 pm. It is in a prime location situated in a 21-story office building in Prime West LA, Century City, with very low rent. Electricity, water, and disposal service (trash) are included in the rent.
This has tremendous upside potential by adding specialty coffee, such as lattes & blended coffee. It is surrounded by high-rise office buildings, offering tremendous catering potential. There is also more potential by adding delivery service within the building and neighboring high-rise buildings.
This restaurant is the only café equipped with a fully functional kitchen among cafes within neighboring high-rise buildings, offering restaurant-quality food. This cafeteria is in a high-rise building, serving breakfast & lunch. They are serving breakfast burritos, hamburgers, sandwiches, and salads.
- Days Open & Hours: Open 5 days a week, Monday - Friday, from 7:30 am to 2:30 pm. Closed on weekends.
- Address: West Los Angeles in Prime Century City.
- Store Size: Approximately 1,700 sq. ft.
- Lease Term: 4.5 years.
- Established Since: 1981.
- Number of Employees: 3 full-time employees.
- Owners: Husband and wife working full-time.
- Approx. Total Annual Sales (before sales tax): $456,000.00.
Allocation of Annual Sales:
Total Gross Sales: $456,000.00.
Cost (Annual): Approx.
Annual Expenses: $215,000 (Rent included)
Approx. Net Income before Debt Service: $150,000 or more
Broker/Agent Disclaimer: The accuracy of income, expenses, or other business information provided by the seller or obtained from public records or other sources is not guaranteed. Buyers are advised to independently verify the accuracy of the information through personal inspection and consultation with appropriate professionals.
To get more information about this Cafe - In High Rise Building, Since 1981, 5 Days business for sale in Century City please phone Remy Chen (Agent - BRE License #:01297948) at 213-798-9987 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284643 on BizBen.com. In addition to phoning Remy Chen, make sure you email Remy Chen above to get more info about this Cafe - In High Rise Building, Since 1981, 5 Days, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01297948. Ivy Realty.
Contact
Details
Asking Price: $295,000.00
Down: All Cash
Cash Flow: $150,000.00
Revenue: $460,000.00
Area: Century City
City: Century City
Attributes:
My Notes About This Listing
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McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
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