The Valencia area cafe boasts a unique concept that certainly sets it apart from the competition in several ways, and has allowed it to develop a very stable, loyal following in its 7 years in business. While the venue does not have a full hood, it does provide its customers a plethora of convection oven and electric stove prepared meals that keep them coming back week in and week out. The business has 3 managers who oversee the operation, and are likely to remain with the business following a transition.
Asking Price $299,000
This 2,000 square foot with a 500 square foot patio leases for $4,325 per month on a lease with four years remaining, and one 5 year option. The facility can accommodate 80 patrons inside, with another 30 on the outside patio, and offers guests three restrooms and plenty of parking. All of the business's furniture, fixtures and equipment, coupled with 7 years of goodwill are included in the sale.
This opportunity boasts a unique concept that provides it a good deal of protection from direct competition. As a result, competition is deemed to be relatively low.
New owners may wish to evaluate the cost and benefit of installing a complete hood, since this could increase the diversity of menu offerings. That said, the business does have a stove and oven that operate with type 2 hoods, which one could be even more creative with. The popular venue does have busy weekend periods where guests may wait up to 45 minutes for seating. As such, additional space within the same shopping complex (which is available) may also be contemplated.