Popular High Volume Cafe-Outstanding Location w/Outdoor Dining-Type 41

Hollywood, CA
mimosa
Asking Price:$495,000
Gross Revenue:$1,687,239
FF&E:$30,000
Cash Flow:$184,571
Rent:$8,450/Month
Established Year:2012
BUSINESS DESCRIPTION

High Volume Breakfast /Lunch Cafe-Beer & Wine+Outdoor Dining

One of LA & and Hollywood’s most popular breakfast, brunch & lunch cafes with a beer & wine license, indoor/outdoor dining, and a desirable lease. This highly acclaimed, high volume, casual, counter service café, offers stellar reviews and has been serving breakfast and brunch specialties, artisan sandwiches, specialty salads, a variety of mimosas and refreshments, plus coffees and teas since 2012. The cafe boasts an inviting, hip decor and interior which is reflected in their clientele. Located on a premier corner on a prominent Blvd. in the heart of the city, with high foot traffic and good visibility. The restaurant accommodates 45 guests inside, 12 on the sidewalk, and 28 with street-side seating, for a total of 85 guests.

Open Monday-Friday from 10 am to 4 pm and from 9 am to 3 pm on Saturdays and Sundays. There is potential to grow sales by opening earlier for breakfast and later for dinner and or late-night bites and beverages if desired. The owner has leveraged social media platforms and online food delivery services for increased revenue with exceptionally complimentary reviews. The owner currently works 3 hours a day due to their superior staff of 20 employees who successfully operate the business.

The lease is up for renewal, and we will assist the buyer in obtaining a new, favorable lease. The current rent is $7,350 plus $1,100 in triple net charges.

Some equipment includes: Hood, 3-door freezer, 6 burner range with oven, 3- 2 door under-counter refrigerated workstations, double convection oven, fryer, 3-large prep tables, 2 small work tables, Manitowoc ice maker, 8 storage racks, 3-speed racks with casters, waffle maker, panini press, pancake griddle, double expresso machine, coffee grinder, reverse osmosis filtration system, worktable, 4 tap kegerator, Toast POSsystem, printer, cash drawer, 4 clover flex (handheld devices, 3 kitchen POSdisplays, beverage display fridge, 2 x Sonos speakers, camera system with DVR, phone system, color printer, dining tables, bistro chairs, outdoor chairs, tables, 5 park benches, outdoor umbrellas, pots & pans, utensils, flatware, dinnerware and glassware.

You don't want to miss out on this great opportunity!

Listed for $495,000.


DETAILED INFORMATION
Location
Hollywood, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,800
Employees
22
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Equipment includes: Hood, 3-door freezer, 6 burner range with oven, 3- 2 door under-counter refrigerated workstations, double convection oven, fryer, 3-large prep tables, 2 small work tables, Manitowoc ice maker, 8 storage racks, 3-speed racks with casters, waffle maker, panini press, pancake griddle, double expresso machine, coffee grinder, reverse osmosis filtration system, worktable, 4 tap kegerator, Toast POSsystem, printer, cash drawer, 4 clover flex (handheld devices, 3 kitchen POSdisplays, beverage display fridge, security system.
Competition
Revenue is increasing and competition is diminishing.
Growth & Expansion
Ability to open additional hours throughout the week.
Support & Training
Training is available
Reason for Selling
Other Interests
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Teri
Craft
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Teri Craft