5-Day Cafe; High-Rise Rev $438K, Net $132K, only at 359K, LA

Los Angeles, CA (Los Angeles County)

5-Day Cafe; High-Rise Rev $438K, Net $132K, only at 359K, LA
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Asking Price: $359,000

Cash Flow: $132,000

Gross Revenue: $438,000

EBITDA: N/A

FF&E: N/A

Inventory: $4,000*

Rent: $6,443 /Month

Established: 2015

*not included in asking price.

5-Day Cafe; High-Rise Rev $438K, Net $132K, only at 359K, LA

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Business Description

Price is reduced to $380,000 as of Sep 22
This coffee shop is a cozy, comfortable place hidden secretly in a cellar in the jungle of Los Angeles high-rise buildings and was renovated into a modern concept in 2017. More than 50% of customers come from outside the building or are nearby businesses. It is open 5 days a week from Monday to Friday, and the time is very short from 7:00 am to 3:00 pm. Affordable and convenient rent payments, which are tailored to the tenant, address most of the costs such as NNN, utilities, water, garbage and security. Here are the monthly business analytics:
• Gross Sales: $36,500/m
• Net income: $11,000/m
• Credit card sales: 60%
• Catering: $9,000/m
• Rent: $6,400/m, including NNN, electric, water, trash and security payment
• Premise: Abt. 1,700 sqft
• Employee: 2 FT and 1 PT, plus 2 owners work alternatively or whenever needed
• Wages including payroll tax: $6,600
• Short open hours: Mon - Fri from 7 am to 3 pm. Sat and Sun closed
• Operated for 3 years by the current owner
• Express SBA loan very possible w/50% down. If $190,000 down is made, a monthly amortization of$4,431 to be estimated over 4 years

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,700
Lease Expiration:
12/31/2022
Employees:
3
Facilities:
Catering, 2 Freezers, 5 Refrigerators, Remodeled in the middle of 2017, Landlord pay utilities and trash dump, except for gas bill
Competition:
Not in the building
Financing:
None
Support & Training:
2 week training after close of escrow
Reason for Selling:
Another business ventures
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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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