Coffee Shop-Cafe, LA County near colleges, $89K down with SBA

Popular Coffee Shop/Cafe

  • Engagement Number : 2052
  • Title: Popular Coffee Shop/Cafe, $538K sales, $112K net, just $89K down with SBA loan!
  • Location: Los Angeles County
  • Asking Price: $225,000
  • Gross Sales: $558,173
  • SDE : $111,731
  • Real Estate: Leased
  • Industry: Restaurant

Premium LA County location contributes to the growing success of this Coffee Shop/Cafe. 2016 gross sales of over $500,000, 2017 on track for sales of $538,000 with earnings of $111,731.  Coffee shop/Cafe location established in 1991 in an affluent downtown area frequented by local college students and a surrounding community who support local businesses.  Large events in the downtown area throughout the year attract thousands of people.

The Coffee Shop/Cafe  has a highly recognized social media presence including Facebook, Twitter, Instagram the coffee shop/cafe has earned an  excellent reputation throughout the community and surrounding cities with a 4 ½ Star Yelp rating from 445 reviews.

Remodeled in 2015 the cafe provides a relaxed atmosphere plus sidewalk seating with an impressive menu selection that includes fresh sandwiches, salads, soups, specialty coffee drinks and more. Delivery service is made available to local residents and businesses through Eat24, Door Dash, and Grubhub. Contracts with local schools and businesses contribute to the cafe’s  profitability.

The owner works full time in the store with a friendly, outgoing staff of 14 that includes 3 leads.  Staff are well trained, part-time W2 employees and enjoy working at the cafe.

Asking $225,000 plus inventory. SBA financing is available with good buyer credit. Down payment with SBA financing is $75,000.

Due to health issues Seller must sell and wants to find a buyer that will continue to make a positive impact in the local community and build on the success of the  business.

Represented by Bill Grunau, Orange County Business Broker, Hines & Associates

Financial Summary

 2017
Revenue$558,173
Cost of Goods Sold$13,287
Gross Margin$544,886
Operating Expenses$489,387
Net Profit (tax return)$55,499
Earnings
Owners Benefits (Add Backs)$56,232
Discretionary Earnings$111,731

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