E2 Approved 5-Day Café for Sale in West LA

Los Angeles, CA (Los Angeles County)

E2 Approved 5-Day Café for Sale in West LA
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Asking Price: $139,000

Cash Flow: $73,189

Gross Revenue: $176,336

EBITDA: N/A

FF&E: $36,206

Inventory: $4,000*

Established: 2003

*not included in asking price.

E2 Approved 5-Day Café for Sale in West LA

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Business Description

Motivated Seller! E2 Approved! 5 Day Café!

GREAT OPPORTUNITY FOR HUSBAND & WIFE TEAM OR WORKING OWNER! WEEKDAYS ONLY! LOOKING FOR A BUSINESS FOR YOUR E2 APPLICATION? Look no further! This business has already been approved for the treaty investor visa once before.

This gem of a café is located in a cute neighborhood surrounded by offices; Doctors, Lawyers, Accountants, Therapists, and more. Your customer base is located right in the same building or across the street! Right behind an elementary school and sharing a wall with a high-end gym, this café has endless potential. The average visit per customer is 2 times a week.

The current owner works only 5 hours a week and has 3 employees running the business. The Café is only open from 8:00am till 3.30pm which means you'll have a personal life even if you decide to run the business yourself. Close proximity to Wilshire Blvd, San Vicente, and La Cienega. Current lease expires in 2023, with options to negotiate a lower rent after that!

A thorough business plan can be included in the sale for no additional cost.

NO FLOOR CLEANING OR TOILET CLEANING - ALL TAKEN CARE OF BY THE BUILDING!

RENOVATED IN 2018. ADDITIONAL INCOME FROM ATM + RENTALS.

MOTIVATED SELLER! SELLER LOOKING TO MOVE TO EUROPE ASAP THEREFORE PRICE IS REDUCED.
CONTACT NOW FOR DETAILED FINANCIAL INFORMATION!

Buyer to verify all information. All sales conducted through the seller's broker. Buyer to pay his/her own broker.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All equipment and furniture is owned by seller. Included in the listing price. Equipment includes; 1 year old SONOS speakers, security cameras with smartphone access, 3-compartment sink, janitorial sink, prep sink, full range with hood/oven/griddle, commercial fryer (BRAND NEW), commercial prep tables, shelves, 5 fridges, storage room, 1 double freezer, 1 regular freezer, and more! Dining Room Furniture is about a year old. ATM in café gives $20-$50/month in income. Not owned, but also no costs associated.
Competition:
NO DIRECT COMPETITION! Most office workers and doctors have 15-30 minutes of time for lunch and this is the ONLY lunch place within 10 minutes walking distance.
Growth & Expansion:
NOT ADDED IN CASHFLOW: Just started renting out the café for parties and dinners, charging $100/hr with a $400 minimum. Sellers also have 3-4 inquiries for Kitchen Rental each month, but as they are selling do not want to sign a lease. Kitchen rental can give an additional income of approx. $700-$1,200 a month. Current owners also get a lot of offers for doing office catering or weekend catering which a new buyer can take advantage of!
Support & Training:
Seller will provide 10 business days of training, but 5 of 10 days must be concluded before escrow is closed as seller has to leave the country within a week of sale. Owners will provide additional support over email after that if needed. Folder with details about accounts and vendors, passwords and other important documentation included in sale.
Reason for Selling:
Moving to Europe
Business Website:
http://www.cafe-forsale.com
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Business Listed By:
JOSHUA

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