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#570
Los Angeles - Hollywood - DTLA

Franchise Coffee House In Beach City

$100,000
Sold
Franchise Coffee House In Beach City
This Listing is Sold
Selling Restaurants presents this easy to run Franchise Coffee House on a busy street in an upscale neighborhood in Los Angeles County. The Coffee House is one of the center's anchor tenants and is "beautifully" designed to invite customers to come in and relax in a warm and comfortable environment. Inside the Coffee House is 1310 sq. ft. including a fireplace, couch and comfortable wing-backed chairs with seating for 29. The outdoor patio seats 16 and there is plenty of convenient parking right outside the front door. Rent is only $2620 per month, plus CAM charges are $539.59 which is very descent rent for the area. Landlord will work with buyer in extending or drafting a new lease. The lease expires on January 31, 2009 and there is a 5 yr. option. The seller is currently negotiating a possible second (5) year option for a total of (10) years on the lease. The seller reports monthly sales average $28,000 per month. Great opportunity for an owner/operator to walk right into an established business without all the construction costs and permitting time delays. Seller has another career and doesn't have the time to run this business. Contact agent today for financial information.

Take the next step and complete the online confidentiality agreement and you�ll be provided with the restaurant name and address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities. There are also more photos available to our registered buyers.This is a a Paramount Restaurant Brokers, Inc. listing.
Restaurant Broker Stuart Schlosser DRE License #01809021

Lease

Region:
Los Angeles - Hollywood - DTLA
Lease Term:
Expires January 31, 2009 + 5 Option
Total Monthly Rent:
$3,160

Financials

Last Year's Annual Gross:
$361,681

Operations

Liquor License:
n/a
# of Full-Time Employees:
3
# of Part-Time Employees:
10
# of Family Employees:
1
Hours Open:
Sunday: 6a - 8p
Monday-Thursday: 5:30a 8p
Friday-Saturday: 5:30a - 10p
Year Established:
2004

Facilities

Indoor Seating:
29
Outdoor Seating:
16
Inside Sq. Ft.:
1310

Highlights

  • Franchise Coffee House on busy street
  • Coffee House is beautifully designed in a warm and comfortable environment.
  • Inside 1310 sq. ft. including a fireplace, couch and comfortable chairs with seating for 29.
  • Outside, there is seating for 16 on the patio and plenty of convenient parking.
  • Rent is only $2620 per month, plus CAM charges are $539.59.
  • The lease expires on January 31, 2009 and there is a 5 yr. option.
  • The seller reports monthly sales to be $30,000 per month.
  • Great opportunity to walk right into an established business without all the construction costs and time delays.
  • Seller is very motivated

Financing

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

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 42,794 89,624 234,926
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 15,618 33,708 87,233
2010 Persons Per Household 2.65 2.58 2.61
Median House Value $945,900 $843,015 $632,224
Income Per Household $118,860 $118,147 $82,793
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 673 1,975 5,737
2012 Number Of Employees 10,360 30,736 135,856
2012 Total Annual Payroll $203,689,000 $614,284,000 $2,954,139,000

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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