Cafe & Eatery Boba, Coffee, Food I LOVE SWEET TEA

Contact Seller
Need Serious Buyer Turnkey Open April 1st or April 15th
Asking Price:
$125,000

Gross Revenue:
$250,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$65,000
included in asking price

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Business Description

Open House Thursday March 29th 10am-6pm Friday March 30th 10am-6pm & Saturday March 31 10 am -6pm

Great Opportunity-Quick Sale...Looking for Serious Buyers Only.... And a buyer who can make an offer and complete the transaction asap. Take over business by April 1st or April 15th. Key Features Full Kitchen with Hood and Grease Interceptor.

Don't want to keep the same concept? No worries you can change it. Or keep some of the items. We will customize to meet your business needs

Beverages: 400-500% PM per item sold
Extremely low overhead
60-70% of profits from beverages

Welcome to a 5 star business opportunity…literally. Boasting 5.0 stars and over 1100 ratings on Google reviews, I LOVE SWEETEA is the Boba restaurant you will make profit with. Renowned for its high quality & tasteful smoothies, teas, boba drinks, sandwiches, popcorn chicken, and bubble waffles, I LOVE SWEETEA prides itself in its delicious options which are not only unique to its popping location, but unique in general. Outside of the restaurant, bubble waffles can only ever be found in small street vendor meets. Their kbbq cheesesteak is the only known sandwich of its kind in the entire world! Of course we all know location is everything, and this restaurant has a lot to flaunt. The restaurant is seated on Mid-Wilshire on a strip known as “Miracle Mile”—a territory of shops, stores, and grocers which has had millennials flocking (a reason why the store “Supreme” just moved in!). I LOVE SWEETEA is surrounded by popular and highly rated businesses—Ralph’s, Trader Joes’, CVS Pharmacy, multiple fitness/yoga studios, and a Starbucks Reserve(!!!)—none of which being direct competition in cuisine.

Trendy and beautiful Boba Bar/Cafe/Eatery with high traffic located in the heart of Hancock Park. The location itself is very busy and the café attracts people from all over Los Angeles. Productive and profitable business hours open late brings many people that want something sweet to eat or drink when many places are closed. The beverages are not only delicious but also very unique and top quality. The prices of the drinks and foods are competitive but very affordable. The drinks go from $3 to $5 dollars, and you can have meal for no more than $8 dollars. This café is very popular and the reviews on yelp have been extremely positive with a 4/5 stars. This sale comes with the brand, website, social media sites, signage, lease assignment, location, training, equipment, recipes, a proven business plan that works, regular clientele, a profitable but untapped market that can be expanded & much more

Inventory Sold as part of the price
Updated Asset, Equipment, Construction, Perishable, Operating List (March 15th, 2018)

Furniture, Fixtures & Equipment
• Beverage Dispensers $3500
• Cup sealer $1500
• 2 Vitamix blenders, $750 each ($1500)
• 2 Hamilton Beach blenders $300
• Waffle maker $200
• Topping refrigerator unit $2000
• Expresso machine $3500
• Espresso grinder $700
• 2 iPads, $350 each
• 2 Register drawers, $600 each
• 2 49” HD tv’s, $900 each
• 3 door refrigerator $3200
• 2 tankless water heaters, 1 is brand new, $2500 each
• Prep sink, $500
• 2 35-gallon fryers, $1600
• 6 range stove with griddle on top $750
• 2 Low standing ranges for low stand pots $700
• 2 Hand washing sinks $350
• 3 compartment sink with drain boards $1000
• Single standing freezer $1600
• Freestanding Prep Table $ 300
• Mobile Prep Cart $250
• Front of House Prep Sink w/ workspace $750
• Misc Kitchen Ware $500
• 3 Stainless Steel Kitchen Shelves, $650
• 8-foot hood System $25000 includes HVAC system
• Mop sink with faucet kit $600
• 2-piece Ice Machine System $6500
• Deposit safe $500
• 2 dry storage racks $250
• Grease interceptor unit $18,000
• (2) Norwitz Tankless Wat

About the Business

Year Established:
2013
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
950
Lease Amount/Mo.:
$3,861.00
Facilities:
Location,high traffice area, prime area,clean open and ready for the new owner
Website:
www.yelp.com/biz/i-love-sweetea-los-angeles-2
Market Outlook/
Competition:
No competition in the area great delivery business lunch and late night business. Breakfast would be a great idea or lunch menu.
Contact the Seller

About the Sale

Reason For Selling:
Partners decided to go their seperate ways
Training/Support:
Owner will train,consult and make sure the new owner has a smooth transition
Seller Financing:
Serious Buyers who can close Asap

Listing Info

ID:
1448176
Ad Detail Views:
295

Attached Files Attachment Disclaimer

  I Love Sweetea Brochure Social A... (8 MB)
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Business Listed by

Teena Anderson

Beverly Hills Brokers & Associate - 01912552

 Show Phone Number

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