Seller's Contact Information
- RE: Price Reduced $150,000 FIRM- Pastries & Gelato
- Contact: Steve Zimmerman
- License #: 01310250
Quick Facts
Asking Price: | $150,000 | |
Annual Revenue: | $508,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $104,036 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2016 | |
Employees: | 2 | |
BBN Listing #: | 841811533 | |
Broker Reference #: | 4199 |
Business Overview:
Price Reduced $150,000 FIRM- Pastries & Gelato Franchise – Corner Location – Santa Monica, LA
RRC#: 4349
Asking Price: $150,000
Location: Santa Monica
Annual Revenue: $508,000
Annual Cash Flow: $104,036
Monthly Rent: $8,186 Including NNN
Expiration: 2024
Listing Description:
Price Reduced to not less than $150,000 for this quaint European style Dessert and Pastry Café Franchise located in Santa Monica in Los Angeles County! SBA loan pre-approved for this long established known cafe featuring a 700 sq ft counter service on a corner location with patio seating. Located in the premier shopping area with an eclectic mix of 150 distinctive & upscale shops, restaurants and cafes along one elegant walkable tree-lined street. High Foot Traffic location less than a mile away from the Ocean with ample street parking & customer parking behind building. The building is next door to houses with a median price of approximately $5million. Offerings include delightful flavors and colors of the many dessert items with outstanding Coffee and Gelato. A simple, clean and easy operation with full training from the owners and the Franchisor and room to grow the business by adding lunch sandwiches which are currently in demand but not offered. Cost of Goods 28%, Labor cost 15% with a high net income with growing revenues and consistent earnings with employees in place. Franchise Royalties only 6.5%. The owners are Semi-Absentee and enjoy the freedom of this simple operation with No Chef’s, Bartenders or Servers.
If you’ve dreamed of owning a successful European-style quality pastry/café but have no interest in the long hours spent behind the scenes in the kitchen, this is the ideal franchise opportunity for you!
To receive more information and discuss this opportunity with the broker along with the broker’s connections for a long-term SBA loan solution please complete the ‘Non-Disclosure Agreement’ on our website and we’ll send you the name and address of this business opportunity along with full financial information, lease & comprehensive list of equipment included with the sale. We’ll also send you the Broker's direct contact information so you can discuss this opportunity in more detail.
For more information please visit https://www.restaurantrealty.com/listings/4349/
General Information:
Organization: LLC
Year Established: 2016
Employees: 2
Reason For Sale: Other Interests
Financial Information:
Monthly Revenue: $42,300
Monthly Cash Flow: $8,670
Annual Revenue: $508,000
Annual Cash Flow: $104,036
Annual Payroll: $72,128
Facilities:
Square Feet: 700 300 Patio
Seating: 30
Parking: Street and Local Lot
Days/Hours of Operation: 9am - 6pm Daily
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Property Features and Assets:
General Information: Organization: LLC; Year Established: 2016; Employees: 2; Financial Information: Monthly Revenue: $42,300; Monthly Cash Flow: $8,670; Annual Revenue: $508,000; Annual Cash Flow: $104,036; Annual Payroll: $72,128; Monthly Rent: $8,186 Including NNN; Expiration: 2024 Facilities: Square Feet: 700 300 Patio; Seating: 30; Parking: Street and Local Lot; Days/Hours of Operation: 9am - 6pm Daily
Reason for Selling:
Other Interests
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
Documents:
Relevant Links:
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