* Included in Asking Price
$3.1m Profit In 2015-full Service Corp Catering Co. Plus Cafe-est 1989-$1,000,000 Equip-great Lease
Asking Price: $495,000
Location: Los Angeles County, Los Angeles County, California
Yearly Revenue: $767,976
Yearly Cash Flow: $176,004
Monthly Rent: $7600 includes triple net
San Gabriel Valley catering company with breakfast/lunch cafe, established in 1989. Offers full service catering for corporate clientele and special events. Accomodating parties from 15 to 15,000 people. In 2015 catering sales topped $4.200,000 with $3,100,000 profit. They currently have a re-occurring annual corporate contract for $250,000 per year with potential to take on millions a year with current corporate clients. They also run a fast casual cafe and bakery offering indoor and patio seating to accommodate up to 150 guests, with a private banquet room that seats 30. The cafe operates Mon-Fri from 7 am- 2:30 pm. serving breakfast and lunch to the 1000''s of corporate employees nearby. With an award winning, skilled, culinary team they serve delicious cuisine with style and flair. Great lease, below market and located in a dense corporate area. Extensive equipment list (over $1,000,000 in replacement value) includes 2 catering vans and one delivery car, all with low mileage. ABC type 41 for restaurant and catering. There are 17 regular employees with catering staff up to 187 as needed. 2016 catering sales were over $2,200,000. This is a great business with tons of potential for new buyer.
Organization: Corporation | Year Established: 1989 | Current Owner: 1989 | Employees: 17 up to 187 as needed | Seating: 150 | Square Footage: 5346 | Parking: 150 | Licenses Required: ABC, City, Health Dept. | Days Open/Hours: Mon-Fri 7:00 AM- 2:30 PM plus catering hours | Reason For Sale: Retirement |
Yearly Revenues: $767,976 | Yearly Cash Flow: $176,004 |
Monthly Rent: $7600 includes triple net | Lease Expiration: Nov 2018 | Lease Option: 2-5 year options | Security Deposit: yes |
Seller Reference #2856
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