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Arcadia, Los Angeles County, California
Asking Price
$625,000
Revenue
$419,047
Down
30%
Cash Flow
$232,173
Name: Jack Oh
Phone: Show phone number
Name
Jack Oh
Phone
Show phone number
Posting ID:
291068
Attributes:
SBA Loan Pre-Qualified
Training And Support
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Orange County, California
Coffee House, Upscale Wine Bar
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Coffee House, Upscale Wine Bar With Live Entertainment. The Current Owner Has Transformed This Business From A Coffee House At Day, Into A Classy Upscale Wine Bar Complete With Live Bands 6 Nights A Week. This Is Truly A Place To “Hang Out,” Especially When The Crowds Roll In For The Weekends To Watch The Best Bands Play. Established In 1995, This Orange County Gourmet Coffee House Is The Hub Of Neighborhood Activity From Early Morning Until Late At Night. Located In A High Traffic Mini-Mall With Good Mix Of Stores On An End Cap In A Fine Residential Neighborhood. Managed By The Seller And Averages About 40+ Hrs/Week, This Business Also Employs 11 P/T Wait Staff, Servers And Baristas With Pay Ranging From 8.00 - 10.25/Hr. Seller Is Offering Training (If Needed) For 15 Days Or As Required Up To 30 Days. Current Rent Is 4,700/Month Including Cam And Lease Expires On 04/2009. Landlord Willing To Extend The Lease. This Location Also Comes Fully Furnished, Equipment Included. 389,000 Plus Inventory Of Approximately 18,900 Counted At Closing. This Is A Good Family Business With Good Books & Records. Reason For Sale Is Retirement.
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