$1,150,000.00
Asking Price
Status: Active
Posting ID: 283793
4/11/24
Description
Popular Two Location Cafe Restaurants in Upscale Parts of Los Angeles SC2157
Financial Information
Asking Price: $1,150,000
Cash Flow: On request
Gross Revenue: $600,000
Down Payment: $1,150,000
This California based two location Café business is in prominent areas of Southern California and was started 11 years ago with one location. The other location is practically brand new, starting just over one year ago. Specializing in European fare crepes, sandwiches, salads, and pastries. Their freshly squeezed juices, natural smoothies and organic coffee drinks are homemade, and each location offers varieties of menu options. They also have gluten free options too. The locations of the cafés are strategically placed and in high end locations in Southern California. Every year, this business is growing, and the newer location has tremendous growth opportunity as it becomes more established in the community.
This company has relied strictly on word of mouth and passerby traffic to increase sales. They have not done any advertising and marketing for the last 3 years. This is a tremendous growth opportunity for someone to start advertising, marketing, using social media presence, engaging with the media to focus on the amazing story these café’s offer. In addition, a new owner may choose to open even more locations, driving further growth and brand recognition.
Business Location
City: Los Angeles
State: California
Reason for Sale
The reason for selling is that the Sellers are moving back to Europe.
Detailed Information
Year Established: 2012
Home Based: No
Franchise: No
Relocatable: No
Lender Prequalified: No
SBA Prequalified: No
Full-Time Employees: 2
Part-Time Employees: 2
Contractors: N/A
Owner Worked Hours/w: 40
Adjusted EBITDA: On request
Inventory Included: Yes
Inventory Value: $20,000
Monthly Rent: $19,000
Real Estate Available: No
Real Estate Included: No
Real Estate Value: N/A
Building Size: 895
FF&E Included?: Yes
FF&E Value: $1,250,000
Training/Support
The Sellers are willing to provide training at 30 hours per week for 4 weeks for the new owner. Additional training may be available at mutually agreed upon terms between the Buyer and the Seller.
Facilities
They currently operate out of 2 different locations, each with a different footprint. One location is 505 square feet with rent of $7,500 total and a 5-year lease with a 5-year option. The second location is 390 square feet with rent of $11,500 total and a 5-year lease with a 5-year option.
Market Outlook/Competition
These 2 cafe's are truly unique based on the European fare they serve as well as their ideal location. Essentially, they are recession resistant due to the affluent community that is their customer base.
CA 02100708
NV 1003039
To get more information about this Cafe Restaurants - Popular, Two Locations business for sale in Los Angeles please phone Adriana Sargent (Intermediary - BRE License #:02100708) at 408-981-7799 Call and 408-981-7799 Text - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #283793 on BizBen.com. In addition to phoning Adriana Sargent, make sure you email Adriana Sargent above to get more info about this Cafe Restaurants - Popular, Two Locations, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02100708. Sunbelt Business Brokers of Sacramento.
Contact
Details
Asking Price: $1,150,000.00
Down: $1,150,000.00
Cash Flow: On Request
Revenue: $600,000.00
Area: Los Angeles
City: None Given
Attributes:
My Notes About This Listing
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Cheryl's a restaurant business broker, over 25 years in the bar and restaurant industry coupled with a J.D. Cheryl works tirelessly to create successful strategies and effective negotiations for those who wish to purchase a new or sell an existing bar, restaurant, cafe, or night club. 415-309-2722
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