Highly Profitable Los Angeles Cafe w/Patio – Popular Trendy Area!

Los Angeles, CA (Los Angeles County)

Highly Profitable Los Angeles Cafe w/Patio – Popular Trendy Area!

Asking Price:$1,749,000

Cash Flow:$876,700

Gross Revenue:$6,753,204

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2001

Highly Profitable Los Angeles Cafe w/Patio – Popular Trendy Area!

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Business Description

This highly profitable Los Angeles café with a sidewalk patio is located in a highly popular and trendy area of Los Angeles. The cafe, which was one of the first of its kind that catered to its burgeoning community, has become a neighborhood favorite with residents, commuters that work in the area, students and visitors alike. The operation, whose numbers suggest a behemoth operation, is actually very simple and straightforward. They consistently provide high quality food and service to their extraordinarily loyal client base – which keeps them returning for more.

Detailed Information

Facilities:
This approximately 3,500 square foot restaurant, which includes an office and employee break room, currently leases for $10,300 per month on a lease that expires in 2021 with one 7 year option. The rate will be anticipated to be $11,000/month in the assignment. All of the business's furniture, fixtures, equipment and goodwill will be included in the sale.
Competition:
Competition certainly exists in this highly popular area, however this venue is truly a phenomenon – with the top line revenues and the bottom line net profits to prove it – that is difficult to compete with and will not likely be impacted by any area entrants as many have already opened with little to no impact.
Growth & Expansion:
As the venue is truly firing on all cylinders, new operators will likely not want to change a good thing. With that said, they may wish to consider the addition of a beer and wine license, or provide the venue the benefit that a full-time working owner-operator ensures.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal

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Ryan Clark

Business Listed By:
Ryan Clark

The Veld Group

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Sponsoring Broker:
Michael Wildeveld

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