Silicon Beach 8AM-4PM Cafe_Growing Profits_Absentee

Mar Vista, CA (Los Angeles County)

Seller Financing Available
Street Side

Asking Price:$375,000

Cash Flow:N/A

Gross Revenue:$650,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate:$3.21 /SF/Month

Established:2014

Silicon Beach 8AM-4PM Cafe_Growing Profits_Absentee

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Business Description

Take advantage of this established beautiful & popular Breakfast & Brunch Cafe in the heart of Silicon Beach in Mar Vista. Very Busy area. 1,945 SF including a 770 SF patio. FREE STANDING BUILDING, 12 assigned parking spaces + Street parking. Remodeled in 2015 . GREAT LEASE till 2031 w only CPI increase between terms. RENT $5,950/mo w charges.
Extensive Kitchen equipment. This is an Exceptional opportunity and an experienced owner operator will love this established business & continue its concept, add to the menu, add delivery services, or/& add hours for dinner service.
Extensive kitchen equipment (see list below) with grease-trap.
Upscale neighborhood, great location. Please do not disturb employees.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
8 + 2
Facilities:
1,945 SF w770 SF patio free standing building 12 assigned parking spaces + street parking. Extensive Furniture, Fixtures and Kitchen Equipment, and greasetrap Remodeled in early 2015 - This unique and fun CALI vibe cafe is opened daily from 8-4 pm & features a capacity for about 60 patrons, includes 6 seats at the wine bar, beautiful patio. Kitchen is highly functional with a 10' hood, a grease trap, a refrigeration area only with 2 3-doors refrigerators, 1 2-doors glass fridge & 1 3-doors glass fridge , 1 beer fridge, 1 wine cellar refrigerator, several freezers, etc., Rational ovens, Imperial burners, fryer, grill, cold prep tables, etc. Low monthly rent is $5,950 includes all charges. This business has an incredibly favorable lease w/ options until 2031 - There is NO market rent increase between options, only 3.5% CPI in between terms (NOT revert to rent market rate ). This unique and fun cafe/restaurant opened daily from 8-4 PM features a capacity for about 60 patrons, great Yelp reviews, much room for development and increase sales. Note that Business received its 41 license at the end of may 2017. Low monthly rent is $5,950 includes surcharges. Very attractive lease till 2031. Must see to appreciate!
Competition:
NO COMPETITION IN THE AREA -
Growth & Expansion:
Because it is Absentee Owner, an experienced owner operator will grow this already profitable business. Add new items to the menu (gelato, fresh juice bar, flatbreads, crepes/waffles, or extend the hours (currently closes at 4pm), advertise locally, add delivery services such as Grubhub, Postmate, E24, etc. Note that the 41 has been added recently to the business. FABULOUS AND BUSY NEIGHBORHOOD, LOTS OF FOOT TRAFFIC (USPS, GYMS, BANKS) bikes lanes, much pedestrians and car traffic count. The area is developing as Silicon Beach and tech companies are opening, milleniums, tech geeks, professionals, artists...cool crowds! PLUS THE CITY OF L.A IS CONNECTING VENICE TO CULVER CITY AND SANTA MONICA TO PLAYA DEL REY & CREATING PUBLIC TRANSPORTATION, PEDESTRIAN AND BIKES LANES. THIS LOCATION IS IN THE CENTER OF IT ALL. LOCATION! LOCATION! LOCATION!
Financing:
CALL
Support & Training:
YES
Reason for Selling:
PERSONAL REASONS

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Brigitte Handler

Business Listed By:
Brigitte Handler

RE/MAX Grand

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