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For Sale: Modern Full Service Catering, Gourmet Cafe - Los Angeles County

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Current Status: Active     Posting #: 237450     Last Refreshed: 7/14/18     BRE License #: 01310250    
Contact: Steve Zimmerman At 415-945-9701  -  Also Email This Contact Below
Price:  $495,000     Down:  Call     Adjusted Net:  $176,004     Revenue:  $767,976    
Attributes:  Training & Support     Cooperation With Brokers?  Call
Los Angeles County Modern Full Service Catering, Gourmet Cafe  Business For Sale

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  Description About This Posting: Modern Full Service Catering, Gourmet Cafe
$3.1m Profit In 2015-full Service Corp Catering Co. Plus Cafe-est 1989-$1,000,000 Equip-great Lease

RRC#: 2856
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

LISTING DESCRIPTION:
San Gabriel Valley catering company with breakfast/lunch cafe, established in 1989. Offers full service catering for corporate clientele and special events. Accomodating parties from 15 to 15,000 people. In 2015 catering sales topped $4.200,000 with $3,100,000 profit. They currently have a re-occurring annual corporate contract for $250,000 per year with potential to take on millions a year with current corporate clients. They also run a fast casual cafe and bakery offering indoor and patio seating to accommodate up to 150 guests, with a private banquet room that seats 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.

GENERAL INFORMATION:
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 |

FINANCIAL INFORMATION:
Yearly Revenues: $767,976 | Yearly Cash Flow: $176,004 |

LEASE INFORMATION:
Monthly Rent: $7600 includes triple net | Lease Expiration: Nov 2018 | Lease Option: 2-5 year options | Security Deposit: yes |

To get more information about this Modern Full Service Catering, Gourmet Cafe business for sale in Los Angeles County please phone Steve Zimmerman (Intermediary, Broker - BRE License #:01310250) at 415-945-9701 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #237450 on BizBen.com. In addition to phoning Steve Zimmerman, make sure you email Steve Zimmerman above to get more info about this Modern Full Service Catering, Gourmet Cafe , to ask any questions or request an appointment to see this business for sale, franchise, or opportunity. Thank you.

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