Profitable Cafe in Santa Monica on Wilshire Blvd - Price Reduced

Santa Monica, CA (Los Angeles County)

Chicken Panini with Moroccan Preserved Lemons and Ginger Spread
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Asking Price: $167,500

Cash Flow: $80,000

Gross Revenue: $270,000

EBITDA: N/A

FF&E: N/A

Inventory: $10,000

Rent: $6.42 /Month

Established: 2011

Profitable Cafe in Santa Monica on Wilshire Blvd - Price Reduced

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Business Description

Own a modern restaurant with growth potential less than 2 miles from the beach

Long established and profitable restaurant for sale in the heart of Santa Monica with lots of traffic and great visibility. French, Mediterranean, Coffee & Tea, Coffee Shop business features a 4.5 star rating on Yelp, high quality equipment and a clean modern design. Turn Key food business in the West Los Angeles market area that is fully licensed and has been operating for many years. Great opportunity to operate a successful cafe in the high income city of Santa Monica, California.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
980
Lease Expiration:
10/15/2021
Employees:
1
Facilities:
Corner location of approximately 1000 square feet includes one parking space, ample street parking, and lots of foot traffic. Equipment includes: Royal Coffee/Espresso/Cappuccino Machine (Technica 2, Model #HG2GE) Expresso Italiano Bean Grinder Curtis Commercial Coffee Grinder Curtis Commercial Coffee Maker Stainless Steel Iced Tea Carafe Star Grill Express Panini Grill (Model#GX141G) Commercial Blender Maxx Ice Machine Atosa small cooler (2) Atosa Freezer/Fridges (8) piece knife set Cookware Kitchen racks Deep commercial sink Diswashing Sink Saba Display refrigerator Atosa display refrigerator Soup Tureens (warmer) Rice Cooker Max Ice machine Heavy Duty Exhaust Fan Hot Water Heater Casio Cash register Printer All tables, chairs, lighting, menus, serving ware, flat ware, cooking ware, cutting boards, mixing bowls, take-out containers, display cases, stainless steel racks & shelving, kitchen supplies and inventory are included
Competition:
Walking distance from UCLA Medical Center in Santa Monica which generates a tremendous amount of business, highly visible location with pedestrian, scooter, bike, and car traffic. Cafe has a tremendous amount of dine in and take out business with local businesses and residents. Catering business is also growing in surrounding area.
Growth & Expansion:
Not currently open on Sunday and closed in evenings, opening during these hours could generate more income. Retail space next door is currently for lease, so expansion plans are possible for additional dining area, larger kitchen, or special events.
Financing:
5 Year Option to Extend on Lease until 2026
Support & Training:
Negotiable
Reason for Selling:
Seller needs to care for ailing family member
Business Website:
http://www.varsrealty.com
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Jon Varsano

Business Listed By:
Jon Varsano

Vars Real Estate

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