Well known specialty coffee Shop on Melrose Ave since 1994

Los Angeles, CA (Los Angeles County)

Well known specialty coffee Shop on Melrose Ave since 1994
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Asking Price: $160,000

Cash Flow: $36,000

Gross Revenue: $310,000

EBITDA: $36,000

FF&E: N/A

Inventory: $3,000*

Rent: $3,000 /Month

Established: 1994

*not included in asking price.

Well known specialty coffee Shop on Melrose Ave since 1994

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Business Description

BUSINESS TYPE & MENU: Serving specialty coffee, Sandwich, Pastries & Others
BUILDING & PARKING: Street Front with 4 parking Spaces
DAYS OPEN & HOURS: 7 Days, 07:00 am to 08:00 pm
STORE SIZE: Approx 750 Sq.ft.
HOW LONG EST: Establish Since 1994
NO. OF EMPLOYEE: 6 Part-times
Owner working Days & Hours: Owner works 7 days a week 3 hours a day

Approx Total, Annual Gross Sales before sales tax: $294,000.00
Cost :$94,080.00
Gross Profit: $199,920.00
Total Expenses:$163,800.00
Approx, Net income: $36,120.00

Remarks: Well known Coffee Bar since 1994
Remarks: Prime location on Melrose Ave., with low rent

For more information please contact REMY CHEN @ 213-798-9987 or E-MAIL to: 7989987@gmail.com
Broker/Agent does not guarantee the accuracy of the income, expenses or other information concerning the business provided by the seller or obtained from Public Records or other sources.Buyer is advised to independently verify the accuracy of above information through personal inspection and with appropriate professionals.

Detailed Information

Location:
Los Angeles, CA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
750
Lease Expiration:
N/A
Employees:
6
Facilities:
Approx 750 Sq Ft with Patios
Support & Training:
2 weeks
Reason for Selling:
Wants to retire
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(from currently available funds)
 
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Remy Chen

Business Listed By:
Remy Chen

Ivy Realty Co.

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