SOLD
BizEx248-MS: Neighborhood Cafe in Prestigious Bel-Air



Background:

General Location:Los Angeles, CA
Category:Restaurants > Restaurant
Restaurants > Coffee Shop
Years in Business:6
Under Present Owner:2
Hours of Operation:Sun 11-4; Mon-Fri 11:00 am-8:30pm
Owner Hours:Absentee Run
Training:2 weeks, 20 hours/week
Organization Type:Sole Proprietor
Lease Expiration:December 2012
Lease Options:5 Years
Building Size:1320 sqft
Employees: 2FT; 1PT

Reason for Sale:
Family Issues

Financials

Asking Price:$70,000
Down Payment:$35,000
Gross Sales:$170,000
Discretionary Cash Flow:Call
FF&E:call
Inventory Included?call
Inventory:call
Minimum Operating Capital:tbd
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 3,400/month
Payroll:$ 4600/month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Mina Singson
Business Broker
(310) 882-2200 ext 125
LIC# 01866495

Summary

The only restaurant/cafe in this exlcusive neighborhood which is home to celebrities, business owners and high profile people. Bel Air is close to Westwood, Mulholland and Beverly Hills. Absentee owner takes positive income every month. Located in a mini mall, near school, apartment buildings and surrounded by million dollar homes.

The cafe has recently been remodeled and offers growing and dependable business. Fully equipped and furnished with large kitchen and storage area.

Included in the sale are all kitchen equipment and dining furniture. 3 dedicated parking spots with plenty of off-street parking.

Don't miss this opportunity to own a business in a great location!


- Owner has steady profit from to-go sales and catering
- Owner has to sell because of family issues - VERY MOTIVATED
- SELLER WILLING TO CARRY NOTES with DOWNPAYMENT

This one won't last.Please call 310-734-6769 or email Mina Singson for more information.


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.