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#4523
San Fernando Valley

5 DAY OFFICE COMPLEX CAFE IN UPSCALE AREA

$169,000
Sold
5 DAY OFFICE COMPLEX CAFE IN UPSCALE AREA
This Listing is Sold

RARE and nice 5 day a week business great for a family to operate or anyone wanting to have a nice income and still spend time with family and friends...YES WEEKENDS AND HOLIDAYS OFF! Not your typical restaurant business for sure!

This business is located in a Premiere Business Complex in one of the Valley's most desirable communities. This restaurant was established in 1990 and has been in operation under current owner since 2013.

REASON FOR SELLING: At that time buyer was looking for another business to subsidize her income from her other business that had been hit with some slow down due to market conditions but other business has rebounded and owner wants to focus energies on that endeavor.

Currently the restaurant is open from 7 am- 3 pm Monday through Friday. Local business gives hundreds of their employees daily food allowance to be used in this Cafe, forming the current solid customer base.

The other growing base are the other dozens of businesses in area who are discovering the great food and service.  Current owner has not done any promoting of the restaurant to these businesses, leaving a new owner with great growth possibilities to expand on current operation.

And catering is another oportunity that this owner, who was new to the restaurant business, has missed.  The kitchen is well equipped and is set up to could handle far more food production.

Als think delivery as another way to grow the business as well as clear street signage as the restaurant sit on the street with a large outside patio.  Heck, put up some colorful and branded umbrellas too. Of course, you'll need landlord approval on the signage as well as the patio upgrades. 

Current sale average $25,000 per month+/- per Sellers Sales reports and tax returns. The projected adjusted income for 2015 is approximately $70,000 based on August 2015 results. SellingRestaurants.com has not validated these figures but has reviewed the Tax Returns and Owners Profit and Loss Calculation. Buyer must verify these figures as they have been reflected by sellers P&L statement and projections .

So to get pictures, name and address please go to tab below and see if this is not a great business for you.

Please go to SellingRestaurants.com to get the name and address of this listing!

This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
San Fernando Valley
Lease Term:
expires Nov 30, 2017 + 5 yr option
Total Monthly Rent:
$2,680
Security Deposit:
$6,219

Financials

Last Year's Annual Gross:
$307,874
Last Year's Owner's Cash Flow:
$51,435
Last Year's Food Cost %:
70585

Operations

# of Full-Time Employees:
2
# of Part-Time Employees:
2
# of Working Owners:
1
Hours Open:
Mon - Fri 7am - 3pm
Year Established:
1990
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
26
Outdoor Seating:
28
# of Parking Spots:
plenty
Inside Sq. Ft.:
2602
Outside Sq. Ft.:
375

Highlights

  • 5 DAYS A WEEK CAFE
  • Great Family Business work 5 days have weekends off together
  • Guaranteed Clientel from local business
  • Many ways to grow current business
  • Large Outdoor Patio
  • Lots of Growth Potential
  • Good Parking in lot and Street
  • Nice Welcoming Decor
  • Front and Back Kitchens with full hoods

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No
This Listing is Sold

Demographics

Population 3-mi. 5-mi
2014 Total Population 26,600 101,309
Households 3-mi. 5-mi
2010 Number Of Households 9,303 39,021
2010 Persons Per Household 2.76 2.49
Median House Value $979,000 $703,937
Income Per Household $129,708 $95,929
Businesses 3-mi. 5-mi
2009 Number Of Businesses 1,683 5,893
2012 Number Of Employees 29,252 148,146
2012 Total Annual Payroll $1,138,407,000 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that Paramount Restaurant Brokers, Inc. ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, foreward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User.

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