Quaint Glendale Area Cafe w/Beer & Wine – New Venue Bustling!

Glendale, CA (Los Angeles County)

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Asking Price: $185,000

Cash Flow: $68,833

Gross Revenue: $524,554

EBITDA: $68,833

FF&E: $20,000

Inventory: $1,000*

Rent: $2,437 /Month

Established: N/A

*not included in asking price.

Quaint Glendale Area Cafe w/Beer & Wine – New Venue Bustling!

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Business Description

This greater Glendale area quaint style daytime cafe with beer and wine is a venue that boasts attractive rent and has recently been launched. The venue, which closes before 5 pm, has tremendous potential to be open 7 days per week or to launch an evening service. In the prior few years, the facility has had an estimated $130,000 in upgrades and renovations, making it poised for a new owner to continue to promote and grow without the need for significant investment in facility improvements.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,100
Lease Expiration:
N/A
Employees:
12pt
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This 1,100 square foot location leases for $2,437 per month on a lease until June 2021 with 2 five year options. All of the business’s furniture, fixtures, equipment, goodwill and Type 41 beer and wine license will be included in the sale. $1,000 in inventory will be sold at cost at close in addition to purchase price.
Competition:
While competition exists, this is the quintessential neighborhood type of venue that has amassed a loyal following. As a result, they are not as susceptible to threats from industry entrants as many location or concept based venues may be.
Growth & Expansion:
This venue could tremendously benefit from a full-time working owner-operator with restaurant management experience or who is otherwise active in the operation. In addition, its tremendous organic growth could benefit from a long-term brand building oriented marketing campaign to introduce the venue to those not already familiar with it. New operators can also tremendously increase revenues by opening 7 days per week as well as capitalizing on the beer and wine license by remaining open past 5 pm for the with dinner time offering.
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 International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. 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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