Café / Coffeehouse – Motivated Seller - For Sale By Owner

Los Angeles, CA (Los Angeles County)

Café / Coffeehouse – Motivated Seller - For Sale By Owner

Asking Price:$173,000

Cash Flow:N/A

Gross Revenue:$227,000

EBITDA:N/A

FF&E:$32,000

Inventory:$6,000*

Rate/Sq. Ft.:$2.00

Established:2007

*not included in asking price.

Café / Coffeehouse – Motivated Seller - For Sale By Owner

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Business Description

Buyers targeting a well-established, extremely popular café/coffeehouse with loyal clientele in the popular Mid-City / Miracle Mile / Fairfax District in Los Angeles County shouldn’t look any further. We are a healthy eatery with an emphasis on vegetarian dishes, offering a unique combination of good tasting, full flavored food and beverage choices at value pricing. We’re nestled between heavily populated residential and business communities with street appeal, attracting a heavy flow of drivers heading to and from home and work, along with the large number of people who frequently walk in the community. We opened our doors over 10 years ago and have been at this location since 2012. We have thrived due to a loyal customer base, impeccable customer service, great food and coffee, consistency and a fun, family-friendly atmosphere for visitors from every demographic. With an eclectic style, piano, art gallery and full nighttime calendar of events, we are fit for a broad and diverse group of customers. We are the ideal restaurant café for someone desiring an unbeatable location, loyal customer base and an opportunity to infuse new ideas that will only elevate us to new heights. The existing owner is able to offer many recommendations, including a wine & beer license, minimal cosmetic improvements and more, which will instantly increase revenue and give this incredible base of customers an infusion of energy as they walk through the doors for their favorite foods and beverages.

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
1,200
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Competition:
A few chain coffee shops nearby, but no other independent coffee shops in the neighborhood. A natural food store opened across the street with similar food & coffee. However, it also brings more people into the neighborhood who enjoy similar food, so it can also be a plus...i.e., more shoppers = more foot traffic. There are no other vegetarian & vegan restaurants in the neighborhood.
Growth & Expansion:
• Obtain wine & beer license – Have paperwork and consultant lined up. Bar and restaurant on either side became full liquor, so there is a real need for a nice wine bar in the neighborhood, with late-night healthy food and a quiet atmosphere. • Suggest adding smoothies & blended coffee drinks to the menu due to lots of requests, and another popular location closed up the street. • Opportunity to franchise – Lots of requests to open similar shops in other neighborhoods. • We do delivery through Grub Hub, can switch or add Yelp’s popular service perhaps for more orders, or do delivery on your own. • Entering fifth year, which is usually the time when a restaurant turns a profit. • The Metro is coming to the neighborhood – there will be a stop just one block up. • The neighborhood is growing fast, lots of changes and new people moving in all the time, other shops opening too, which brings more shoppers to the area.
Financing:
Optional
Support & Training:
Can be retained for up to a year.
Reason for Selling:
Spend more time with family

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Joseph Cooney

Business Listed By:
Joseph Cooney

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