Real Estate Included-50 Year Landmark Breakfast Lunch Cafe

Los Angeles, CA (Los Angeles County)

Real Estate Included-50 Year Landmark Breakfast Lunch Cafe
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Asking Price: $2,380,000

Cash Flow: $155,000

Gross Revenue: $1,400,000



Inventory: N/A

Established: N/A

Real Estate Included-50 Year Landmark Breakfast Lunch Cafe

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Business Description

Real Estate Included-50 Year Landmark Breakfast Lunch Cafe On Major Blvd-Rental Income $1.4MM Sales

RRC#: 3142
Asking Price: Offered At $ 2,380,000
Location: Los Angeles County Annual Revenue: $1,400,000
Annual Cash Flow: $155,000

Listing Description:
Well established family friendly restaurant serving comfort foods for breakfast and lunch daily with waits up to 1 1/2 hours on the weekends. Features long, old fashioned service counter with seating for 14 guests and comfy booths throughout. Established customers base! Located near freeway, national restaurants and shopping with high traffic and good visibility. Sales are $1,400,000 with an absentee owner. This sale includes 3050 sq. ft. building plus two patios on an 11,000+ sq. ft. lot with parking for 15 cars. The property also includes 2 studio apartments offering $20,000 additional annual income not included on the business P&L plus, 2 double car garages currently used for restaurant storage. Open daily from 6:30am to 3pm only. There is a lot of potential for someone wanting to be a hands on operator or by adding dinner service and possibly beer and wine. Back of the house offers good space, 2 walk in refrigerators, 1 walk in freezer, dish washing room, storage/break room and large office. POS system with 5 terminals, security system with 10 cameras. Nearer tile flooring throughout kitchen. Well equipped kitchen with one 12 ft hood with sprinklers plus, one 5ft hood, 6 ft grill, 3ft grill, 2- 4 burner stoves with ovens, charbroiler, 2 double fryers, steam table, 2 waffle makers, 2 door fridge, 4ft. prep station, 4 ft ice cream freezer, triple shake machine, soup warmer, under counter fridge, ice maker, ice bin, 3 door under counter fridge, microwave, 2 toasters. Fully furnished office with computer, printer and safe. 2 HVAC units. 2 bathrooms plus one employee bathroom.

General Information:
Organization: Corporation
Established: 1976
Current Owner: 2003
Employees: 15
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $116,667
Monthly Cash Flow: $12,917
Annual Revenue: $1,400,000
Annual Cash Flow: $155,000
Payroll: Contact For Info
Monthly Revenue: $116,667
Monthly Cash Flow: $12,917

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Teri Craft

Business Listed By:
Teri Craft

Restaurant Realty Company

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Sponsoring Broker:
Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

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