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#4545
Pasadena Restaurants For Sale
San Fernando Valley Restaurants For Sale
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Very Trendy Cafe in the Heart of Glendale, in AAA Location !

$185,000
Very Trendy Cafe in the Heart of Glendale, in AAA Location !
This Listing is Expired

Location, LOCATION, LOCATION!!

is one of the main elements to having a successful restaurant and this restaurant certainly has the location. It lies on a very popular street in Glendale, CA. where there is not only plenty of drive-by traffic, but also plenty of foot traffic as well. There are many corporate businesses to draw your customers from, as well as the many people who pass by daily. 

The owner has just updated his menu for a more self sustaining model. Not only does the menu look cleaner, but its easier to read and navigate through. Prior to the update customers would get one main course with 2  sides for a very low price. This had high food cost and hurt the profit. Now a customer can order one main item with 1 side, or just get the main item alone. 

Positives reasons to buy the restaurant:

1) The restaurant is run by the employees, as the owner is an absentee owner. If you come in and work it you will be able to pay yourself and cut employee hours. (This alone can make it profitable every month) and by owner being there customer service is better and productivity can be managed.

2) As of Oct 1 the sales are already +$65,000 higher then the entire 2014 year, and there is still an entire quarter to go. 2014 was about $307,000 in Gross sales. January - September sales are about $372,000. 

3) So far this year the salaries/wages are at 36%, This is too high and adds about $22,500 that an experienced owner could get from the business by coming in and controlling the schedule. Plus if you are working in the restaurant you will bring this down a lot faster, spotting the times where you can relieve some workers. 

4) 2014's food cost were about 44%, while this years food cost has dropped to about 32%, and can possibly drop even more with an owner that is onsite to watch over preparation and portioning. 

5) Current monthly sales average at 41K, and are growing from last years average of 25.6K. This is only the second full year in business, and it is on the right track. Owner has just contracted with a local delivery service to have better coverage of local area and has bee able to cut his delivery person who found it hard to get all the lunch orders delivered in a timely manner.

So if Location, growing sales, and a nice fresh and unique menu are important to you then this place is for you. A good working operator/owner will be able to make a profit off this place right away. 

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

This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
Pasadena Restaurants For Sale
San Fernando Valley Restaurants For Sale
Los Angeles Restaurants For Sale
Lease Term:
Expires OCTOBER 31 2019
Total Monthly Rent:
$6,499
Security Deposit:
$31,036

Operations

Liquor License:
N/A
# of Full-Time Employees:
4
# of Part-Time Employees:
4
Hours Open:
MON-SAT 8:00AM - 9:00PM
SUN 10:00AM - 3:00PM
Year Established:
2013
Hood System Type 1:
Yes
Hood System Type 2:
Yes

Facilities

Indoor Seating:
36
Outdoor Seating:
15
# of Parking Spots:
16
Inside Sq. Ft.:
1,800
Outside Sq. Ft.:
150

Highlights

  • Great Location
  • Growing Sales
  • Nice Decor and Well Kept
  • Patio Dining Area

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 15,297 255,461 478,909
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 5,222 98,808 182,476
2010 Persons Per Household 2.59 2.47 2.51
Median House Value $360,575 $611,746 $595,711
Income Per Household $44,702 $54,457 $55,959
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 1,408 7,559 13,428
2012 Number Of Employees 47,922 205,790 343,964
2012 Total Annual Payroll $1,391,605,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("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, forward 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. DRE License # 01339409.

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