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Restaurant / Café

  • Status: Sold
  • Price: $69,000

Babak “BOB” Shamtoub

License No:
DRE #02050054
Email:
babak@lbaweb.com
Office:
424-542-1402
Mobile:
424-542-1402
  • Listing No: 6351
  • Status: Sold
  • Area: Woodland Hills
  • Price: $69,000

Description

This is a 800 sqft. Café / Restaurant located in an old  beautiful Architectural building located in financial district of this well populated City. This building is surrounded by other Grade A tower block buildings with 70 x Grade A Offices as a tenants, across the street from apartment buildings with over 600 units fully occupied. The Café offers variety of American/Ethiopian dishes, Sandwiches, Burgers and pizza on the first floor of this building. Seller claims his Gross Annual Sale is about $90,000. Rent is very low monthly he pays $1,700 which includes NNN. Hours of operations; (11.00am-8.00pm / 6 days a week). The business is being neglected as the owner is busy with another full time job that he has.

A new buyer with a little imagination can change the concept of this Gorgeous café and by applying for Beer & Wine and some creative appetizer dishes can increase his Revenue, he can add a hookah lounge outside in the patio space.  Motivated seller.

Business Information

Ownership Type: Sole Proprietorship
Year Established:
Year Purchased:
Business Type: Restaurant / Cafe
License(s) Required: Business, Health
Hours of Operation: 11.00am- 8.00pm / 6 days a week
Business Relocatable: No
Business Is A Franchise: No
Home Based: No
Broker To Broker CoOp: No
Office Listing Number: 6351
Date Available: 01/20/2022
Reason For Sale: Has no time - has another full time job

Financial Information

Annual Total:
90,000
Revenue:
Annual Net Income:
Inventory:
Monthly Payroll:

Lease Information

Base Rent:
1,700/m
Lease Expires:
Lease Option:
NNN:
Included

Financing Information

Down Payment:
Owner Will Carry:
Other Finance:
Terms:

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