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Santa Monica Cafe With Catering Component
Location: United States -> California -> Southern California - Los Angeles Area -> Santa Monica
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

This Santa Monica cafe with a strong coffee, bakery and catering component is located in a highly popular area with a built-in corporate client base, affluent residential base and strong university student community. The cafe boasts a tidy kitchen with 2 convection ovens, an oven and stovetop, a two door fridge and single door freezer, salad prep and additional prep tables as well as a manager's office and dry storage area. The cafe also has all of the necessary specialty coffee equipment, including a commercial cappuccino machine.

Asking price: $135,000

This 1,200 square foot facility plus sidewalk seating leases for $4,900 per month including common area maintenance (CAM) expenses on a lease until 10/1/20 with one 5 year option. All of the business's furniture, fixtures and equipment will be paid off in the sale, with the potential exception of a catering van.

Competition certainly exists in this popular area, however this venue has made a name for itself for both onsite dining as well as offsite catering. The location's proximity to Santa Monice, West Los Angeles, Mar Vista and Venice Beach, complemented by its stellar freeway access provide the venue a competitive advantage from a catering and delivery standpoint.

New management may choose to maintain and continue to grow the relatively new concept or implement their own entirely new concept.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $1,204,042
Cash Flow:   $60,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 Weeks at 20 hrs/wk
Reason For Selling:  Personal

Photos

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Santa Monica Cafe With Catering Component Photo 1




Print Listing Id: 700342062
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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