Executive Business Listing Summary
BUSINESSS DESCRIPTION:
Concept founded by its owner/operator in 2018. The space is set up as a modern and vibrant crossover between a Starbucks and an European Cafe. The menu is loaded with a variety of OVERSIZED sweet and savory crepes, sophisticated coffee drinks, and gourmet sandwiches ... all reasonably priced to the satisfaction of the many customers.
The Café is a brand new type of a shop that is completely run by family members based in Southern California. It is considered as a new alternative to fast food coffee shops and offers a much calmer, gourmet coffee experience. Partnered with the best, local coffee roasters to obtain the ultimate coffee bean that inspired the gourmet creations in the menu. Offers a variety of sweet and savory crepes that are great with any of the espresso drinks or ice-cream blended drinks. Sandwiches and pastries are perfect for breakfast and lunch. All customers are treated like family as the concept strives in creating a home environment as soon as they walk through the doors.
The restaurant also features it's own prepackaged Crepe Mix which can be purchased at the counter for customers to enjoy at home.
SALES OVERVIEW:
Roughly 45% of the revenues come from Sweet Crepes, while the rest of the revenues is split rather evenly between Savory Crepes, Sandwiches and Coffees and Beverages
Roughly 45% of the revenues come from Sweet Crepes, while the rest of the revenues is split rather evenly between Savory Crepes, Sandwiches and Coffees and Beverages
PHYSICAL ADDRESS:
SQUARE FEET (INTERIOR ESTIMATED):
The interior of the store is about 1035 square feet.
Parking includes ~ open parking for shopping center guests
LEASE AGREEMENT:
2017 - 2023. Expires 7/31/2023. Current Rent $2,398.61 per month +NNN
PRODUCT/MENU:
The menu is loaded with a variety of OVERSIZED sweet and savory crepes, sophisticated coffee drinks, and gourmet sandwiches ... all reasonably priced to the satisfaction of the many customers.
HOURS OF OPERATON:
Wednesday - Monday 8.00 am - 8:00 pm (Tuesdays CLOSED)
PURPOSE OF THE SALE:
Seller lives in Moreno Valley and has grown tired of the commute.
LISTING DETAILS:
The Cafe is looking for a new owner/operator to acquire its assets and operations for $275,000, to include:
CONDITIONS:
SQUARE FEET (INTERIOR ESTIMATED):
The interior of the store is about 1035 square feet.
Parking includes ~ open parking for shopping center guests
LEASE AGREEMENT:
2017 - 2023. Expires 7/31/2023. Current Rent $2,398.61 per month +NNN
PRODUCT/MENU:
The menu is loaded with a variety of OVERSIZED sweet and savory crepes, sophisticated coffee drinks, and gourmet sandwiches ... all reasonably priced to the satisfaction of the many customers.
HOURS OF OPERATON:
Wednesday - Monday 8.00 am - 8:00 pm (Tuesdays CLOSED)
PURPOSE OF THE SALE:
Seller lives in Moreno Valley and has grown tired of the commute.
LISTING DETAILS:
The Cafe is looking for a new owner/operator to acquire its assets and operations for $275,000, to include:
- Equipment, Fixtures, Furniture & Inventory (Specific List to be provided upon written offer)
- Goodwill (including client list)
- Covenant Not To Compete
- Rights to sell and distribute the proprietary Crepe Mix
- Multiplier of 2.5 X SDE
CONDITIONS:
- 10% down payment to open escrow
- Landlord approval of business transfer and Lease Assignment (buyer qualification)
- Implementation. During escrow the transition shall be initiated including lease negotiation, processing of all permits and licenses (EDD, SBOE, CITY, COUNTY Health, etc), staff notification, insurance transfer, vendors notification, menu, title transfers, and ultimately the close of escrow of the bulk sale.
2021-2022 Profit & Loss Statement
(Financial Information available upon submission of offer by qualified party. All financial information is based on the data provided by Seller and is subject to Buyer assuming responsibility to review and confirm the same)
Opportunities
OPERATIONS:
MARKETING:
- Improve the appearance and attractiveness of the outdoor seating. Replace the foldable plastic tables and canopies with appropriate vegetation deco and garden furniture
- Immediate walk-in retail sales increase and customer retention.
MARKETING:
- The proprietary pre-packaged crepe mix is a gold mine for the right buyer. PLacing the product into retail outlets would pay off the investment many times over.
VIDEO
SPACE SLIDESHOW
Listing Agent:
Nick Zigic, B.Sc.
CA RE Broker, #01436050
Business Sales & Commercial Real Estate
Prominence Capital Advisors LLC
100 W Lemon Ave, Suite 205
Monrovia, CA 91016
Tel (626) 221-3994
[email protected]
www.MyRealEstateHQ.com
Nick Zigic, B.Sc.
CA RE Broker, #01436050
Business Sales & Commercial Real Estate
Prominence Capital Advisors LLC
100 W Lemon Ave, Suite 205
Monrovia, CA 91016
Tel (626) 221-3994
[email protected]
www.MyRealEstateHQ.com
DISCLOSURE STATEMENT
Prominence Capital Advisors LLC is a California limited liability company. Prominence Capital Advisors LLC does not represent itself as a law firm nor an accounting firm nor a business brokerage. Prominence Capital Advisors LLC does represent itself as a group of experienced business plan writers, business listing writers, loan packaging specialists, marketing specialists, researchers, business consultants and plan implementers. Any and all legal or accounting summaries presented in this executive listing summary should be checked by qualified legal and accounting counsel.
Questions concerning this listing should be directed to the representing agent – Nick Zigic.
Prominence Capital Advisors LLC is a California limited liability company. Prominence Capital Advisors LLC does not represent itself as a law firm nor an accounting firm nor a business brokerage. Prominence Capital Advisors LLC does represent itself as a group of experienced business plan writers, business listing writers, loan packaging specialists, marketing specialists, researchers, business consultants and plan implementers. Any and all legal or accounting summaries presented in this executive listing summary should be checked by qualified legal and accounting counsel.
Questions concerning this listing should be directed to the representing agent – Nick Zigic.
