2 Cafe; Absentee, Rev $2.3M, Netting $456K, SBA Ava, at $1.35M,

Arcadia, CA (Los Angeles County)

2 Cafe; Absentee, Rev $2.3M, Netting $456K, SBA Ava, at $1.35M,
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Asking Price: $1,350,000

Cash Flow: $456,000

Gross Revenue: $2,304,412

EBITDA: N/A

FF&E: N/A

Inventory: $20,000*

Rent: $9,000 /Month

Established: 2016

*not included in asking price.

2 Cafe; Absentee, Rev $2.3M, Netting $456K, SBA Ava, at $1.35M,

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Business Description

2 Cafe; Semi-Absentee, Rev $2.3 Mil, Netting $456K, SBA ava, at $1.35M, LA

> Two cafes for a package sale. Gross revenue is more than $2.3 million. Literally two of the busiest cafe diners on Vermont Ave near USC college and Downtown Los Angeles. A unique community bastion where nearby retailers, stable neighbors and dynamic college students dine and relax
> A perfect opportunity to own two of the best sales cafes located 2 miles away from each other. No competing each other because of different favorites and tastes
> All absentee-run profits. Remodeling completed in 2016 and 2018, so all new equipment and perfect condition
> SBA loan very possible with qualified buyers with 30% down, 720+ FICO, and at least 2 years restaurant management experience
For more details, see below;
•The total revenue of the two cafes stand at an average of $2,304,412 or more based on the 2018 POS statement, but some cash catering sales not included, of which credit card revenues account for about 80%
• Total revenue: Loc #1- $1,674,412 in 2018 /// Loc #2- $630,000 on a basis of 6 month average. Sales continue to rise noticeably
• Total net income is $456,000 or more in 2018. Net inome is expected to continue to rise as the sales go up
• Monthly net income is $38,000 on average: Loc #1- $30,500 a month /// Loc #2- $7,500 a month
• Cost of goods sold equals on average of 34%
• Premise size; Loc #1- approx. 1,400 sq. ft. and patio with 56 seating capacity /// Loc #2- apporx. 2,500 sq. ft. and outdoor eating 56 seating capacity plus attached 600 sq. ft. office and storage room
• Very reasonable rent payment: Loc #1- $4,800 w/3N /// Loc #2- $4,200 w/3N
• Lease-term: Loc #1- 7+5 yrs.option /// Loc #2- 5+5 yrs option
• Hours vary; Loc #1- 8 am to 10 pm /// Loc #2- 8 am to 5 pm, 7 days
• Employee: Loc#1- 12 FT, 6 PT /// Loc #2- 6 FT, 7 PT
• Almost absentee-run. One owner can manage the both locations. One owner helps assist in operation whenever needed
• Parking; Loc #1- Strip mall parking plus plenty of street parking /// Loc #2- street parking and metered parking available
• SBA loans are available for 30% or $472,500 down. Monthly amortization expected approx. at $411,217 at 7.5% annum over 10 years
• Please sign and resend the online NDA form attached for your quick inquiry. Strongly recommended to come to our office for this specific business opportunity and/or more suitable listings
• For more details, contact Kevin Kim at beeinvest.kim@gmail.com / (714) 345-6514

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,900
Lease Expiration:
12/31/2029
Employees:
31
Facilities:
Fully equipped kitchen, Patios
Competition:
Billion dollar projects is on the way nearer. This will still be a unique restaurant in the area
Growth & Expansion:
Expanding business hours. Improve active delivery
Financing:
SBA Available
Support & Training:
2 weeks after closing
Reason for Selling:
Retirement
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(from currently available funds)
 
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Kevin Kim

Business Listed By:
Yong (Kevin) Kim

Bee Realty Group

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