Santa Monica Cafe With Catering Component

www.GlobalBX.com

Listing ID: 700342062

Listing Title: Santa Monica Cafe With Catering Component

Quick Link: http://www.globalbx.com/listing.asp?bId=342062

Industry: Food and Beverage

Industry Segment: Restaurants and Fast Food (Non-Franchise)

Country: United States

State / Province: California

Area Southern California - Los Angeles Area

City: Santa Monica

Asking Price Range: < $250K

Gross Revenues: $1,204,042

Cash Flow: $60,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2015

Number of Employees: 10 - 19

Business Description:
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: $55,000 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.



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