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For Sale: Cafe Restaurant - Glendale, Los Angeles County


Current Status: Active     Posting #: 244264     Last Refreshed: 1/6/20    
Contact: Ryan Clark At 310-652-8353  -  Also Email This Contact Below
Price:  $135,000     Down:  $135,000     Adjusted Net:  $68,833     Revenue:  $524,554    
Business Address:  None Given     City:  Glendale     Zip:  None Given    
Attributes:  Training & Support     Cooperation With Brokers?  Yes

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For Best Results & Response, Email & Phone This Contact: Ryan Clark at 310-652-8353.

  Description About This Posting: Cafe Restaurant
This greater Glendale area quaint style daytime cafe with beer and wine is a venue that boasts attractive rent and has recently been launched. The venue, which closes before 5 pm, has tremendous potential to be open 7 days per week or to launch an evening service. In the prior few years, the facility has had an estimated $130,000 in upgrades and renovations, making it poised for a new owner to continue to promote and grow without the need for significant investment in facility improvements.

This 1,100 square foot location leases for $2,437 per month on a lease until June 2021 with 2 five year options. All of the business's furniture, fixtures, equipment, goodwill and Type 41 beer and wine license will be included in the sale. $1,000 in inventory will be sold at cost at close in addition to purchase price.

While competition exists, this is the quintessential neighborhood type of venue that has amassed a loyal following. As a result, they are not as susceptible to threats from industry entrants as many location or concept based venues may be.

This venue could tremendously benefit from a full-time working owner-operator with restaurant management experience or who is otherwise active in the operation. In addition, its tremendous organic growth could benefit from a long-term brand building oriented marketing campaign to introduce the venue to those not already familiar with it. New operators can also tremendously increase revenues by opening 7 days per week as well as capitalizing on the beer and wine license by remaining open past 5 pm for the with dinner time offering.

Training: 2 Weeks at 20 hrs/week.

To get more information about this Cafe Restaurant business for sale in Glendale, Los Angeles County please phone Ryan Clark (Broker) at 310-652-8353 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #244264 on BizBen.com. In addition to phoning Ryan Clark, make sure you email Ryan Clark above to get more info about this Cafe Restaurant, to ask any questions or request an appointment to see this business for sale. Thank you.

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