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





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

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 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:

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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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