Business Overview:
This extraordinarily unique Silver Lake Area breakfast and daytime cafe boasts a beer and wine license entitlement as well as one of the most refreshing outdoor patios and innovative layouts in the area. As a result, the customer embraced concept is a neighborhood favorite and the venue is poised for growth into the happy hour, early evening and dinner market.
Training: 2 Weeks at 20 hours/week.
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Property Features and Assets:
This 2,500 square foot indoor – outdoor venue leases for $10,250 per month on a lease with approximately 4 year remaining and one 5 year option. All of the business’s furniture, fixture, equipment, goodwill and Type 41 Beer and Wine license will be included. The venue has 5 onsite parking spaces with plentiful street parking.
Market Competition and Expansion:
While the greater Silver Lake area is a bustling one for innovative and progressive food concepts, this location enjoys an uncommon serenity due to its unique location that literally provide it natural barriers to new competition. As a result, it does not face the type of immediate head-to-head competition with similar full-service food venues that it would if it had a Sunset Junction type of location.
This is the type of venues that customers will regularly wait over an hour to get into on weekend morning. Weekdays are similarly popular. New management will do well to determine how to extend this tremendous daytime popularity to include the happy hour, early evening and even dinner hours. The unparalleled location lends itself to be a hotbed of the city’s most progressive food concepts – so experimentation with food options for the extended hours may be recommended, however a comfort food offering may prove just as popular.
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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