Profitable Owner Absentee Cafe
Location California,United States
Asking Price Range < $250K
Gross Revenues $360000
Net Profit / Cash Flow $65000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2012
Number of Employees 6 - 9
Inventory FF&E = $75,000; INV = $7,000.
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training 4 weeks at 10 hours per week
Reason for Sale Other interests
Description Well established, 100% Absentee owner, prime Studio City location.
Prime Studio City location on Ventura Blvd. - profitable, well established and turnkey. Absentee owner, healthy fast food (Mediterranean) cafe with a sidewalk patio. The seating capacity is for 70+ people.
Open for lunch and dinner only. Lots of take-outs and deliveries.
This 1,000 SQ FT cafe is nicely decorated - the build-up cost was $125K in 2012.
It has a full kitchen, large hood, grill, 2 freezers, commercial stove with 6 burners and much more.
In 2013, their first year of operation, they produced $360K+, with a net cash flow of over $65K. 2014 should be an even better year.
They have 6 part-time employees and are open 7 days a week from 11:00 AM - 10:00 PM Sun - Wed; 11:00 AM - 11:00 PM Thur - Sat.
This cafe has good upside potential to increase their revenue by adding a hookah bar to their services and have a ''hands-on'' owner/operator.
Based on their customer's reviews, YELP.com has awarded them a ''5-Star'' rating!
This is a great business opportunity for owner/operator or a family-run business. AND IT IS A MUST SEE!
For more information, please contact Alexander Neyman at (213) 706-7166 or email him.
Click Here To Contact Seller
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