Business For Sale

Quaint Glendale Area Cafe w/Beer & Wine!

Glendale, CA
Los Angeles County


Asking Price: Annual Revenue:
$185,000 $524,554

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Quaint Glendale Area Cafe w/Beer & Wine! Broker: Ryan Clark

Quick Facts

Asking Price: $185,000
Annual Revenue: $524,554
Net Profit: Not Disclosed
Cash Flow: $68,833
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 12
BBN Listing #: 68134929
Broker Reference #: MaliniB2

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Business Overview:

This greater Glendale area quaint style daytime cafe with beer and wine is a venue that boasts attractive rent and has recently been launched. The venue, which closes before 5 pm, has tremendous potential to be open 7 days per week or to launch an evening service. In the prior few years, the facility has had an estimated $130,000 in upgrades and renovations, making it poised for a new owner to continue to promote and grow without the need for significant investment in facility improvements.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

This 1,100 square foot location leases for $2,437 per month on a lease until June 2021 with 2 five year options. All of the business’s furniture, fixtures, equipment, goodwill and Type 41 beer and wine license will be included in the sale. $1,000 in inventory will be sold at cost at close in addition to purchase price.

Market Competition and Expansion:

While competition exists, this is the quintessential neighborhood type of venue that has amassed a loyal following. As a result, they are not as susceptible to threats from industry entrants as many location or concept based venues may be. This venue could tremendously benefit from a full-time working owner-operator with restaurant management experience or who is otherwise active in the operation. In addition, its tremendous organic growth could benefit from a long-term brand building oriented marketing campaign to introduce the venue to those not already familiar with it. New operators can also tremendously increase revenues by opening 7 days per week as well as capitalizing on the beer and wine license by remaining open past 5 pm for the with dinner time offering.

Reason for Selling:

Personal.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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