Bars & Restaurants
Montrose Cafe with Beer, Wine, Patio & Parking Upscale Buildout!
Montrose, CA
Financials
Asking: $115,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $60,000
NOT Included in the Asking Price:
Inventory: $1,000
Gross: $360,000
Cash Flow: $17,000
Summary Description
This modern, upscale Montrose cafe with beer, wine, a back patio and sidewalk seating is ideal for the restaurateur who seeks an ideal location with a faithful client following. This highly attractive space, conveniently located off of the 210 or the 2 Freeways, offers an idyllic patio, a full kitchen, and seating to accommodate over 66 patrons. The facility has a full kitchen including a grill, oven, stove, deep fryers, a walk-in cooler, and a spacious dry storage / manager s office. A new operator would do well to capitalize on the current concept s popularity, while building upon the menu, service offering, and catering opportunities.
General Information
Year Established: 2005
Employees: 9
Facilities: The 2,000 square foot facility leases for $5,750 per month plus $500 per month in common area maintenance expenses on a lease until June 2010, with one five year option. The sale includes all of the businesses assets including a point of sale system, beer and wine license, fully built out bar and seating nearly 70 guests. The facility also has an abundance of parking.
Market Outlook
Competition: The Greater Montrose, La Crescenta, La Canada, Flintridge Area is ideal for many concepts due to these upscale community s socio-economic demographic base. As such, many entrepreneur s have sought to launch throwback concepts capitalizing on the area s images of Americana, or village-like attributes. The first class facility s build-out, moderate rent, patios, beer and wine license, and ideal location provide it a distinct competitive advantage over the competition.
Growth and Expansion: A new owner may seek to capitalize on the business s beer and wine license by creating an environment that capitalizes on the facility s ideal patio. A new operator may consider the addition of popular fares such as healthy pizzas, gourmet burgers, light middle-eastern entrees, imaginative salads, etc. A new owner will also seek to showcase the business s food in local farmer s markets or at events that can be catered.
About the Sale
Financing: Not offered, but Seller may consider small, secured carry
Support/Training: Owner will train for 2 weeks at 20 hours per week or as necessary.
Reason Selling: Personal
Contact The Veld Group For More Information