Business Overview:
LISTING DESCRIPTION:
A unique opportunity to acquire a 5 year plus contract with reputable company that has been in business for almost 50 years. The specific opportunity is to operate a fully equipped cafe plus full commercial kitchen in a large 119,000 square foot multi-purpose center which includes athletic facilities including swimming pool, tennis courts, gymnasium and fields, banquet facilities, meeting rooms and various other facilities. There are 4,200 members of this facility and anywhere from 1,000 to 1,200 people daily walk in front of the cafe. The contract also includes catering opportunities for the center which has a 4,000 square foot facility which can hold up to 250 people for a banquet or seat 400 people auditorium style. The operator must maintain Kasheruth. The only costs that the operator is responsible for are food, labor, liability insurance and a thirteen percent operating fee to the company for the support system the company provides. The maintenance, heavy janitorial and all other operating costs are picked up by the ownership of the building. The past operating history of the cafe/commercial kitchen operator is not indicative of the potential for this opportunity as the past operators have not maximized their efforts to expand catering opportunities or increase their hours of operation to increase sales. The hours of the center are Monday - Friday from 5a to 10p and Saturday and Sunday 7a to 7p and the food service operation only operates a small amount of hours relative to the centers hours of operation. The owner should most likely be someone that is a chef or has had an extensive background in kitchen management.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Cafe And Commercial Kitchen In 119,000 Square Foot Multi Purpose Building With 4,200 Members
RRC#: 1567
Asking Price: $89,500
Location: South Bay, Very Desirable City, California
Monthly Rent: Contact For Info
Market Competition and Expansion:
GENERAL INFORMATION:
Organization: Corporation | Year Established: 1961 | Current Owner: 1961 | Seating: 28 | Square Footage: 1,104 | Parking: Parking lot | Licenses Required: Business | Days Open/Hours: 5 / M-TH 7:30a -5p F 7:30-3p | Reason For Sale: Other Interests |
FINANCIAL INFORMATION:
Yearly Revenues: $144,000 | Yearly Cash Flow: $36,000 |
LEASE INFORMATION:
Monthly Rent: | Lease Option: 5 years |
Reason for Selling:
Other Interests
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.