Downtown Coffee & Cafe w/Hood – Absentee in High Foot Traffic Location

Los Angeles, CA (Los Angeles County)

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Asking Price: $140,000

Cash Flow: $78,807

Gross Revenue: $356,093

EBITDA: $78,807

FF&E: $20,000

Inventory: $1,000*

Rent: $4,000 /Month

Established: 2017

*not included in asking price.

Downtown Coffee & Cafe w/Hood – Absentee in High Foot Traffic Location

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Business Description

This absentee-operated downtown Los Angeles coffee and cafe outlet with a hood commands a high food traffic location that they boast exclusivity for coffee for. The business is driven by coffees, teas and heath oriented beverages as well as a variety of easy to prepare food items – generally with a focus on breakfast, lunch and light fare. The business is in a popular location and enjoys the benefits of steady stream of foot traffic provided by area students, residents, employees, visitors and tourists.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
475
Lease Expiration:
N/A
Employees:
1ft + 3pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 225 square foot outlet with an additional 250 square feet of storage spaces leases for $4,000 per month including common area maintenance (CAM) expense on a lease that terminates in 2020 with 2 five year options. All of the venue’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $1,000 worth of inventory will be sold at cost at close.
Competition:
While competition exists throughout the greater downtown Los Angeles area, this venue has the exclusivity for coffee in its high foot traffic development. This entitlement provides it a significant competitive advantage over competing venues that do not share similarly attractive locations.
Growth & Expansion:
As the business is absentee operated it could tremendously benefit from a full-time working owner-operator who ideally is a barista with stellar customer service skills. New menu additions, highlighted specials and other food offering may be added to the menu, barring any other venue’s exclusivity agreements. The venue’s small hood is sufficient for its purposes, but new management may wish to introduction a larger hood system if significant baking or food preparation is intended.
Support & Training:
2 Weeks at 20 hrs/wk
Reason for Selling:
Personal
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Michael Wildeveld, CBB, CBI, CM&AP, M&AMI, CEPA

Business Listed By:
Ryan Clark

The Veld Group

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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