Downtown Coffee & Cafe w/Hood – Absentee!

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$125,000 $327,868

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Downtown Coffee & Cafe w/Hood – Absentee! Broker: Ryan Clark

Quick Facts

Asking Price: $125,000
Annual Revenue: $327,868
Net Profit: Not Disclosed
Cash Flow: $97,109
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 4
BBN Listing #: 70484929
Broker Reference #: YanCof

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Business Overview:

This absentee-operated downtown Los Angeles coffee and cafe outlet with a hood commands a high food traffic location that they boast exclusivity for coffee for. The business is driven by coffees, teas and heath oriented beverages as well as a variety of easy to prepare food items – generally with a focus on breakfast, lunch and light fare. The business is in a popular location and enjoys the benefits of steady stream of foot traffic provided by area students, residents, employees, visitors and tourists.

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Property Features and Assets:

This 225 square foot outlet with an additional 250 square feet of storage spaces leases for $4,000 per month including common area maintenance (CAM) expense on a lease that terminates in 2020 with 2 five year options. All of the venue’s furniture, fixtures, equipment and goodwill will be included in the sale. Approximately $1,000 worth of inventory will be sold at cost at close.

Market Competition and Expansion:

While competition exists throughout the greater downtown Los Angeles area, this venue has the exclusivity for coffee in its high foot traffic development. This entitlement provides it a significant competitive advantage over competing venues that do not share similarly attractive locations. As the business is absentee operated it could tremendously benefit from a full-time working owner-operator who ideally is a barista with stellar customer service skills. New menu additions, highlighted specials and other food offering may be added to the menu, barring any other venue’s exclusivity agreements. The venue’s small hood is sufficient for its purposes, but new management may wish to introduction a larger hood system if significant baking or food preparation is intended.

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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