Coffee Shop: Semi-absentee, Rev $523K, SBA OK, Prc Redcd to $350K, LA

• A potential coffee shop w/steady growth.
• Located in a hop spot with good exposure at major traffic corners of Glenoaks Blvd in Glendale.
• A signature menu featuring customer-friendly premium coffees, blended favorites, specialty beverages, ice cream and refreshments. It's more than just a glass of juice or more than a cup of coffee.
• In addition, popular signature menus that are very simple yet diverse, such as light breakfast dishes, tacos and quick sandwiches.
• Partly remolded in 2022 at the cost of $50K, Semi-absentee, Turnkey.
• This coffee house has already passed successfully the testing phase in the open market, has received a good response from the neighbors and community, has already proven its popularity and business viability, and is at the beginning of the growth to take a leap forward as the best profitable enterprise.
• See more details below;
> Gross monthly sales are an average of $43,606 based on 2023 P&L; catering sales of $2,000 per month are not included in the figures on 2023 P&L. As per seller, not yet been verified by broker.
> The current monthly net income is anywhere between $6,800 and $8,800.
> According to the seller, sales and income for 2020 and 2021 have been incomparable since the business started in June 2020, and moreover, the pandemic took a toll on sales and profits in 2020 and 2021. Now business trends in 2022 were back to normal. Growth seems to be starting again from 2023 until today.
> Cost of goods sold averages 28%
> Monthly rent is $5,830, including NNN
> Premise is approx.1,600 sq. ft. in its size
> Spacious indoor seating capacity for 18 people and outdoor seating for more than 24 seats
> 2 years left on the current lease plus 2x5-year option to renew
> Open hours are from 8:30 am to 10 pm, 7 days
> 4 Full-time and 2 part-time employees. One owner does the bare minimal work for management or as needed.
> Business launched 3 years ago in June 2020
> Parking is somewhat limited, but sufficient rear parking and street parking available
• NDA is mandatory for 'Address' or 'Walk-by'. Sign and Return NDA form attached hereto.
• Financial reports are only available to buyers who demonstrate the eligibility criteria, have sufficient purchasing funds seasoned over 90 days in the bank statements, and are committed to presenting the NDA and required documentation.
• “Note”
> All information contained in this document is solely the result of statements made by the seller.
> Action Realty Task, Inc.'s Brokers and/or its Agents or subsidiaries make no representations or warranties as to the accuracy, completeness or validity of such information.
> Purchasers are advised to seek the advice of accountants, attorneys and/or other available business professionals, if deemed necessary, to verify the accuracy of any business information provided by our ads or agents.