Active
Popular High Volume Cafe-Outstanding Location w/Outdoor Dining-Beer & Wine
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.
They open Monday-Friday from 10 am to 4 pm and from 9 am to 3 pm on Saturdays and Sundays. They recently added dinner service Wednesday -Saturday from 3 pm to 8 pm. 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 that 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, 5park benches, outdoor umbrellas, pots & pans, utensils, flatware, dinnerware and glassware.
You don't want to miss this very special restaurant! Listed for $495,000.
Listed By: Teri Craft
Background information
Reference:
hollywoodcafe
Year established:
2012
Reason selling:
Other Interests
Finance
Sales:
$1,687,239
Profits:
$184,571
Profit type:
Net Income
Operations
Employees:
20 employees
Furniture fixtures and equipment:
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, 5park benches, outdoor umbrellas, pots & pans, utensils, flatware, dinnerware and glassware.
Premises
Square footage:
1800
Rent and lease terms:
The current rent is $7,350 plus, $1,100 triple net charges.
Location:
Superior area and corner location on a major blvd in LA/Hollywood with high traffic and great visibility.
Opportunities
Growth:
Ability to operate longer hours if desired to increase revenue and income!
Market:
They have a strong market presence with online social media, reviews and media accolades.
Price and terms
Price:
$495,000
Training:
Training is available