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
Contact Seller

Asking Price: $1,200,000

Cash Flow: $480,000

Gross Revenue: $2,310,408



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

Save Print Share Valuation Report

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

Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
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
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
SBA Available
Support & Training:
2 weeks after closing
Reason for Selling:
Contact Seller

Contact the Seller

(from currently available funds)
Contact Seller Loading

Kevin Kim

Business Listed By:
Kevin Yong Kim

Bee Realty Group

Show Phone Number

View My Listings

Listing Statistics


Demographic Information


Ad#:1613563 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Similar Listings

Baked, Cookies and Dough

Franchise Opportunity In CA
Capital Required: $100,000