San Gabriel Valley-full Service Catering Co. Est 1989 With Corp Break/lunch Cafe-$180,000 Income!
Asking Price: $495,000
Location: Los Angeles County, Los Angeles County, California
Yearly Revenue: $767,976
Yearly Cash Flow: $176,004
Monthly Rent: $7600 includes triple net
Full service catering for corporate clientele, weddings and special events. Accomodating parties from 15 to 15,000 people with multiple corporate contracts and extensive client list. In 2015 catering sales topped $4.200,000 with $3,100,000 profit. Includes fast casual breakfast and lunch cafe and bakery adjacent to industrial park. Indoor and patio seating accommodate up to 150 guests, with a private meeting/banquet room with seating for 30. The cafe operates Mon-Fri from 7 am- 2:30 pm. serving breakfast and lunch to the 1000''s of corporate employees nearby. With an award winning, skilled, culinary team they serve delicious cuisine with style and flair. Great lease, below market and located in a dense corporate area. Extensive equipment list (over $1,000,000 in replacement value) includes 2 catering vans and one delivery car, all with low mileage. ABC type 41 for restaurant and catering. There are 17 regular employees with catering staff up to 187 as needed. 2016 catering sales were over $2,200,000. This is a great business with tons of potential for new buyer.
Organization: Corporation | Year Established: 1989 | Current Owner: 1989 | Employees: 17 up to 187 as needed | Seating: 150 | Square Footage: 5346 | Parking: 150 | Licenses Required: ABC, City, Health Dept. | Days Open/Hours: Mon-Fri 7:00 AM- 2:30 PM plus catering hours | Reason For Sale: Retirement |
Yearly Revenues: $767,976 | Yearly Cash Flow: $176,004 |
Monthly Rent: $7600 includes triple net | Lease Expiration: Nov 2018 | Lease Option: 2-5 year options | Security Deposit: yes |