Trendy East Village Restaurant and Catering with Type 41 license

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Trendy East Village Restaurant and Catering Company
Asking Price:
$199,000

Gross Revenue:
$479,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

2267 sq. ft.

This is an amazing opportunity with so much potential! The entire business right now is wedding and corporate catering. The location can be operated as a bar, restaurant, cafe etc. Profitable business model. Our gross revenue in 2017 was only based on catering sales alone. If you were to add in a proper restaurant, cafe or a bar it would be such a fabulous business. Heavy catering business but can easily be turned into a restaurant, lounge, etc. Some of the biggest and newest condo/apartment buildings are being build on each corner of the street. Fully built out and completely compliment and ready to go! Landlord willing to work with lots of different lease options. PLEASE ONLY SERIOUS BUYERS.

About the Business

Year Established:
2016
Real Estate:
Leased
Building Sq. Ft.:
2,267
Lease Amount/Mo.:
$3,500.00
Facilities:
Asset sale $299,000
- Hood, double convection oven, large walk in cooler, brand new range, and floor hobart mixer, large burner and 40 lb fryer, double door freezer, single door beverage coolers, stainless steel work tables and two dry storage rooms. This building was gutted and completely remodeled.
- Type 41 alcohol license with live entertainment until 1:00am. Extends to patio.
- Over 35 positive online reviews from brides and won Best of the Knot in 2016 and 2017. Reviews on yelp.com, theknot.com, and weddingwire.com.
Website:
www.parkboulevardcatering.com
Market Outlook/
Competition:
There is not a lot of restaurants/eating establishments around here except for one new gourmet chain make your own pizza place on the next block. The market is mainly singles, young working professionals and young marrieds.
Growth & Expansion:
New gigantic high rises on ever corner of our block. UCSD 38 story satellite campus and condos being built right next to us. our company is right across from The New School of Architecture which is a private college and when we operated a small cafe we had tons of business from the students and staff. Our building is the only building on the block that is not part of the architecture school. And the architect school has a 24 hour security guard. He also watches over our building. Owner is debating turning the full lot in the back into more parking.
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About the Sale

Reason For Selling:
Inquire within
Training/Support:
Will stay on for 3 months to teach, train and do sales etc. Will teach you everything about how to achieve the same revenues as 2017. Will also stay on for a few extra months on top of the three if new owner desires.
Seller Financing:
Willing to finance over time with seller

Listing Info

ID:
1377449
Ad Detail Views:
476

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Business Listed by
Patricia Garza

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