Cafe at Library, Employee Run, Seller Financing!

Los Angeles County, CA

Seller Financing Available
Cafe at Library, Employee Run, Seller Financing!

Asking Price:$150,000

Cash Flow:$78,000

Gross Revenue:$360,000

EBITDA:N/A

FF&E:N/A

Inventory:$5,000*

Established:1990

*not included in asking price.

Cafe at Library, Employee Run, Seller Financing!

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Business Description

•Cafe with huge outdoor courtyard located at major westside library.

•Library has 3 meeting rooms with capacities of 146, 114, & 31 which provides additional catering income.

•In 2015 there were 785,000 visitors to the library.

•Operated help run as seller has other businesses.

•Major expenses: rent-3050, food cost (30%) -9000, electric- 800, labor-11,000

•Has self contained cooking grill and oven.

Detailed Information

Inventory:
Not included in asking price
Employees:
5
Competition:
Only food service located in courtyard of major westside library. There are 3 additional meeting rooms inside the library which provides additional catering for this business. Fully equipped with top notch equipment.
Growth & Expansion:
Operated help run with 5 employees. Catering could be promoted even more than present with the meeting rooms and many visitors to the library.
Financing:
Seller will carry $100,000 @6% 108mos
Reason for Selling:
New Business Ventures

Listing Statistics for Premium Members

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William Park

Business Listed By:
William Park

VR Business Brokers

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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