Santa Monica Cafe with Catering Component!

Santa Monica, CA
Los Angeles County


Asking Price: Annual Revenue:
$135,000 $1,204,042

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Santa Monica Cafe with Catering Component! Broker: Ryan Clark

Quick Facts

Asking Price: $135,000
Annual Revenue: $1,204,042
Net Profit: Not Disclosed
Cash Flow: $60,000
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 17
BBN Listing #: 97184929
Broker Reference #: AirKitch

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Business Overview:

This Santa Monica cafe with a strong coffee, bakery and catering component is located in a highly popular area with a built-in corporate client base, affluent residential base and strong university student community. The cafe boasts a tidy kitchen with 2 convection ovens, an oven and stovetop, a two door fridge and single door freezer, salad prep and additional prep tables as well as a manager’s office and dry storage area. The cafe also has all of the necessary specialty coffee equipment, including a commercial cappuccino machine.

Training: 2 Weeks at 20 hours/week.

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Property Features and Assets:

This 1,200 square foot facility plus sidewalk seating leases for $4,900 per month including common area maintenance (CAM) expenses on a lease until 10/1/20 with one 5 year option. All of the business’s furniture, fixtures and equipment will be paid off in the sale, with the potential exception of a catering van.

Market Competition and Expansion:

Competition certainly exists in this popular area, however this venue has made a name for itself for both onsite dining as well as offsite catering. The location’s proximity to Santa Monice, West Los Angeles, Mar Vista and Venice Beach, complemented by its stellar freeway access provide the venue a competitive advantage from a catering and delivery standpoint. New management may choose to maintain and continue to grow the relatively new concept or implement their own entirely new concept.

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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