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For Sale: Cafe - In High Rise Building, Since 1981, 5 Days - Century City, California

$295,000.00

Asking Price

  • Address: Century City, 90067.

  • Status: Active

  • Posting ID: 284643

  • 2/11/24

Century City Cafe - In High Rise Building, Since 1981, 5 Days Business For Sale
Cafe - In High Rise Building, Since 1981, 5 Days Company For Sale
Century City Cafe - In High Rise Building, Since 1981, 5 Days Companies For Sale
Buy, Sell A Cafe - In High Rise Building, Since 1981, 5 Days Business

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:

  • Catering: $91,200.00.
  • Carry Out & Dine-in: $364,800.00.

Total Gross Sales: $456,000.00.

Cost (Annual): Approx.

  • Cos of Goods Sold: $91,200.00.
  • Gross Profit: $364,800.00.

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.

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Contact

  1. Name: Remy Chen
  2. phone iconPhone: 213-798-9987

Details

  1. Asking Price: $295,000.00

  2. Down: All Cash

  3. Cash Flow: $150,000.00

  4. Revenue:    $460,000.00

  1. Area: Century City

  2. City: Century City

  1. Attributes:

    Training & Support

My Notes About This Listing

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Related Links & Information Regarding This Posting

Email Remy Chen Below About This Posting


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