* Included in Asking Price
Modern Full Service Catering Co-gourmet Cafe & Bakery-est 1989-extensive Equip-great Lease
Asking Price: $595,000
Location: Los Angeles County, Los Angeles County, California
Yearly Revenue: $767,976
Yearly Cash Flow: $176,004
Monthly Rent: $7600 includes triple net
This San Gabriel Valley company was established in 1989 by the seller and is a full service caterer that can accommodate parties from 15 to 15,000 people. They also run a full service, fast casual gourmet 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. Known for their beautiful presentation and outstanding service, they attract corporate clients as well as individual clientele. They currently have a re-occurring annual corporate contract for $250,000 per year. Great lease, below market and located in a dense corporate area. Extensive equipment list valued at approx. $150,000, 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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