* Included in Asking Price
Prime 3rd St. Promenade Cafe-heavy Foot Traffic Perfect For Franchise Or Other Concept
Asking Price: $200,000
Location: Santa Monica, Los Angeles County, California
Yearly Revenue: $851,508
Yearly Cash Flow: $100,716
Monthly Rent: 22000 with triple net
Perfect for an operator wanting strong exposure and high foot traffic. Seller is currently operating a national franchise yogurt shop but the seller can cancel the franchise agreement to allow for a new or different concept. This strong franchise and profitable yogurt shop is internationally well-known with a loyal following. It is located in a highly desirable world class shopping, dining and entertainment location with heavy foot traffic and patio seating. This store has an absentee owner and is run by a strong, experienced manager with ample training. Sales records are verified by franchise software and corporate POS system. The equipment is well maintained and in good working condition. Training is offered thru corporate. Franchise transfer fee is approx $3500-$5000. Royalty fees are 6% on sales and 2% for advertising. Lease is offered thru a corporate sublease. Fully equipped. Seller has an additional location for sale.
Organization: LLC | Current Owner: 2015 | Licenses Required: Health Dept, Dairy, City License | Days Open/Hours: Sun-Thurs 10AM-11PM, Fri-Sat 10AM-12AM | Reason For Sale: Other Interests |
Yearly Revenues: $851,508 | Yearly Cash Flow: $100,716 |
Monthly Rent: 22000 with triple net | Lease Expiration: 2023 | Lease Option: Yes, 5 year | Security Deposit: Yes |
Seller Reference #2821
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