2 Cafe; Semi-Absentee, Rev $2.3M, Netting $480K, SBA Ava, at $1.2M, LA

Arcadia, CA (Los Angeles County)

2 Cafe; Semi-Absentee, Rev $2.3M, Netting $480K, SBA Ava, at $1.2M, LA
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Asking Price: $1,200,000

Cash Flow: $480,000

Gross Revenue: $2,310,408

EBITDA: N/A

FF&E: N/A

Inventory: $20,000*

Rent: $9,000 /Month

Established: 2016

*not included in asking price.

2 Cafe; Semi-Absentee, Rev $2.3M, Netting $480K, SBA Ava, at $1.2M, LA

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Business Description

2 Cafe; Semi-Absentee, Rev $2.3M, Solid Net $480K, SBA ava, at $1.2M, LA

> Two cafe-type restaurants for package sales but can be sold separately
> Total gross revenue is more than $2.3 million. Netting is over $480,000. Literally two of the busiest cafe diners on 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. Never competing each other because of different favorites and tastes
> Absentee-run profits. Remodeling completed in 2016 and 2018, so all new equipment and perfect condition
> SBA loan very possible with qualified buyers with 30-33% % down, 680+ FICO, and at least 2 years restaurant management experience
> The total revenue of the two cafes stand at an average of $2,208,880 or more, of which credit card revenues account for about 80%. But meaningful some of the cash catering sales not included, while a total net income of the two cafes is slightly over $492,000
> Make sure the sales shown on the bank statement are square and that it is the most obvious evidence
of sales tracking
> Sales continue to rise every month noticeably
> For more details, see below
>>> Location #1- Asking price at $900,000 >> Location #2- Asking Price at $300,000 <<<
• Gross turnover currently averages $53,000 a month with credit card revenues of over 80%. Note that location # 2 was just opened on October 1, 2018.
• Net income is an average of $10,000 a month
• Cost of goods sold equals on average of 30%
• The premise size is 2500 square feet, of which 600 square feet of office and storage space attached separately
• Very reasonable rent payment is $4,200 including 3N/CAM
• Lease-term remains 4.5+5
•Seating capacity is more than 60. There is an extra outdoor eating space
• Short open hours: 8 am to 5 pm, 7 days
• Employee: 6 FT, 7 PT
• Absentee-run. One owner manages operations as needed, or helps assist in operations whenever needed
• Parking: plenty of nearby street parking and metered parking
• SBA loans are available for $400,000 down for the both locations. Monthly amortization expected approx. at $10,684 over 10 years at 7.5% annum
• The seller is highly motivated
• Sign and return the online NDA form attached for your quick inquiry
• Contact Kevin Kim at beeinvest.kim@gmail.com / (714) 345-6514
• For more information, please be sure to come to our office
• The seller is highly motivated to be able to negotiate a price for serious, qualified buysrs

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
3,900
Lease Expiration:
12/31/2032
Employees:
31
Facilities:
Fully equipped kitchen, Patios, Outdoor Eating, Storage room, Walk-in freezer (Loation #2), Ice machine, 3 compartment sinks, Hoods and grill, Char-broiller, Fire extinguishers
Competition:
Billion dollars 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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Contact the Seller

(from currently available funds)
 
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Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

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