ABOUT THE RESTAURANT: This High Volume Restaurant and Bakery has served the Sherman Oaks area since 2005. It is local favorite to many who have come to add this to their regular restaurant visit each week. The restaurant is open 7 days a week (currently open Friday, Saturday and Sunday) serving Breakfast, Lunch and Dinner. Known for serving dishes from their country, this restaurant is capturing one person at a time including many celebrities who have made this a place they often visit.
This is a beautiful restaurant from the moment one walks through the doors. The beautiful European Style Cafe setting with the stylish decor of the dining area to the comfort of the patio. The colorful Bakery Display Case shows-off the array of colorful and appealing delicacies, making it the center piece of the restaurant. (Owner currently has a Sidewalk Seating Permit for additional seating)
But it all starts with the great quality! The Bakery's reputation is well know in their ethnic community and among all those who have tried their signature items. Expand the business by wholesaling the products to local restaurants as well as grocery stores and coffee shops.
RECIPES & TRAINING: The recipes and training are included in the sales price. Restaurant is well staffed with Bakers and Cooks willing to stay on if Buyer so chooses.
KITCHEN: The kitchen has a well functioning layout that does not waste a single inch of space. The menu offerings have taken into account the kitchens ability to produce the items at a good pace to be sure the guests visit is one to remember.
LIQUOR: Beer and Wine license.
LEASE: Landlord has been contacted and will write a new Lease with a 5 year term and 5 year option and is open to talking possible additional terms for approved buyer. Current rent including CAM charges is Only $3,950 which is a very nice rent for this area and is only 5.79% of current sales.
SALES: Sales for 2019 little over $782,000 and 2018 were just shy of $793,000 and a net Profit over $123,000 and owner is not actively working the restaurant. Only tasks preformed are the ordering of goods, that cooks make notes of what's needed and calculating payroll. Owner will hang out from time to time as it is a very enjoyable atmosphere and enjoys meeting with the guests. So a new owner could take on a more active roll in business and see bottom line increase by cutting back on existing staff levels.
GREAT AREA: Sherman Oaks is a very desirable area in Southern California with a strong economy, great homes, schools and close to all LA has to offer yet having that village charm.
A Buyer can choose to continue with the current concept or bring in your own concept as this restaurant would not need much done to change over to a different style of restaurant.
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|2014 Total Population||31,639||180,870||604,331|
|2010 Number Of Households||14,876||76,942||237,392|
|2010 Persons Per Household||2.07||2.26||2.40|
|Median House Value||$755,300||$656,667||$605,414|
|Income Per Household||$74,011||$64,546||$62,495|
|2009 Number Of Businesses||1,507||7,380||24,492|
|2012 Number Of Employees||22,062||118,098||463,404|
|2012 Total Annual Payroll||$460,701,000||$2,942,656,000||$4,294,967,295|
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