European cuisine restaurant
Asking Price: | $175,000 |
Gross Revenue: | $300,000 |
Cash Flow: | $85,286 |
Established Year: | 2010 |
Prime location in the heart of Old Town Monrovia Right on vibrant Myrtle Ave. Established 14 years, and run by a husband and wife and 3 employees. The city of Monrovia supports the Old Town business district with many community seasonal events including; the fall festival winter carriage rides, carnivals, car shows, Christmas parades occasional free live bands shows,4th of July fireworks, and the famous Monrovia’s Friday night street fair and market Which brings crowds from the entire San Gabriel Valley and beyond. The venue has all licenses and permits in place, and comes with a full kitchen; hood and all equipment needed (a list on file) to run the restaurant. Seating capacity for 60 patrons inside and in the front and back covered patios The Bldg. size is 1,200 SF, rent is $3,325/MO, annual gross sales are $300,000 and the annual net income is $85,286.Business opens for breakfast, brunch and lunch6 days a week from 8:00 am- 3:00pm and closed on Monday. Food served has a touch of European cuisine that includes; all kinds of omelets, sandwiches, pancakes, French toasts, breakfast burritos, Benedict series, all kinds of crepes, breakfast plates, kid’s breakfasts, Belgian waffles, drinks, smoothies, juices coffee, espresso and more. Has lots of parking spaces in front of the restaurant, and free parking in an adjacent parking lot right outside the rear entrance in addition Monrovia Old Town provides plenty of supporting free parking for the business district. All equipment, furniture and fixtures are included in the sale. This business with somewhat built-in loyal clientele is the neighborhood favorite destination for its unique menu and cozy atmosphere. It has an unlimited potential to grow. Business does not engage in active marketing efforts. This translates to significant upside potential New owner can keep the same concept or convert to any type of cuisine. Best if run by a family, or someone with passion for food to take this turn-key business to a higher plateau