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Prime 3rd St. Promenade Cafe-heavy Foot Traffic Perfect For Franchise Or Other Concept

Santa Monica, California : Restaurants
Listing #2821

Prime 3rd St. Promenade Cafe-heavy Foot Traffic Perfect For Franchise Or Other Concept RRC#: 2821 Asking Price: $200,000 Location: Santa Monica, Los Angeles County, California Yearly Revenue: $851,508 Yearly Cash Flow: $100,716 Monthly Rent: 22000 with triple net LISTING DESCRIPTION: Perfect for an operator wanting strong exposure and high foot traffic. Seller is currently operating a national franchise yogurt shop but the seller can cancel the franchise agreement to allow for a new or different concept. This strong franchise and profitable yogurt shop is internationally well-known with a loyal following. It is located in a highly desirable world class shopping, dining and entertainment location with heavy foot traffic and patio seating. This store has an absentee owner and is run by a strong, experienced manager with ample training. Sales records are verified by franchise software and corporate POS system. The equipment is well maintained and in good working condition. Training is offered thru corporate. Franchise transfer fee is approx $3500-$5000. Royalty fees are 6% on sales and 2% for advertising. Lease is offered thru a corporate sublease. Fully equipped. Seller has an additional location for sale. GENERAL INFORMATION: Organization: LLC | Current Owner: 2015 | Licenses Required: Health Dept, Dairy, City License | Days Open/Hours: Sun-Thurs 10AM-11PM, Fri-Sat 10AM-12AM | Reason For Sale: Other Interests | FINANCIAL INFORMATION: Yearly Revenues: $851,508 | Yearly Cash Flow: $100,716 | LEASE INFORMATION: Monthly Rent: 22000 with triple net | Lease Expiration: 2023 | Lease Option: Yes, 5 year | Security Deposit: Yes |

Asking Price:

$200,000

Gross Income:

$851,508

(last 12 months)
Cash Flow:

$100,716

(last 12 months)
Inventory Value:

Undisclosed

Year Established: Business is Closed: No
Seller Financing Available: No Owner Operated: No
FF&E included: No Home-based: No
FF&E Value: Training provided No
Real Estate is included: No Easily Relocated: No
Value of Real Estate: $0 Number of Employees: 0
Real Estate Square Footage: 0

Prime 3rd St. Promenade Cafe-heavy Foot Traffic Perfect For Franchise Or Other Concept

RRC#: 2821
Asking Price: $200,000
Location: Santa Monica, Los Angeles County, California
Yearly Revenue: $851,508
Yearly Cash Flow: $100,716
Monthly Rent: 22000 with triple net

LISTING DESCRIPTION:
Perfect for an operator wanting strong exposure and high foot traffic. Seller is currently operating a national franchise yogurt shop but the seller can cancel the franchise agreement to allow for a new or different concept. This strong franchise and profitable yogurt shop is internationally well-known with a loyal following. It is located in a highly desirable world class shopping, dining and entertainment location with heavy foot traffic and patio seating. This store has an absentee owner and is run by a strong, experienced manager with ample training. Sales records are verified by franchise software and corporate POS system. The equipment is well maintained and in good working condition. Training is offered thru corporate. Franchise transfer fee is approx $3500-$5000. Royalty fees are 6% on sales and 2% for advertising. Lease is offered thru a corporate sublease. Fully equipped. Seller has an additional location for sale.

GENERAL INFORMATION:
Organization: LLC | Current Owner: 2015 | Licenses Required: Health Dept, Dairy, City License | Days Open/Hours: Sun-Thurs 10AM-11PM, Fri-Sat 10AM-12AM | Reason For Sale: Other Interests |

FINANCIAL INFORMATION:
Yearly Revenues: $851,508 | Yearly Cash Flow: $100,716 |

LEASE INFORMATION:
Monthly Rent: 22000 with triple net | Lease Expiration: 2023 | Lease Option: Yes, 5 year | Security Deposit: Yes |


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