Located in the greater Silverlake, Los Angeles area, this daytime only bakery and cafe is renowned for its freshly baked breads, pastries, and a variety of breakfast and lunch options. The establishment has become a more than just a local favorite. It’s become a phenomenon that attracts residents and visitors to its inviting, cozy atmosphere with its qualify products and customer service oriented staff that exude the venue’s ultra-positive company culture. Patrons regularly praise the award-winning venue not only for its high quality offerings but also its best-in-class service, which make it a go-to spot for its loyal client base.
- Asking Price:
- $1,200,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,510,499
- Cash Flow:
- $300,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$118,088 per annum
- Premises Details:
-
This 5,800 square foot facility plus patio leases for $9,973 per month, with $4,913 in annual common area maintenance expense (CAM) on a lease until June 2028, including the 2-year option to renew. All of the company’s furniture, fixtures, equipment and enormous goodwill will be included in the sale. An estimated $30K in inventory will be included in the purchase price.
- Size in square feet:
- 5,800
Business Operation
- Expansion Potential:
-
New operators will likely want to prioritize maintaining the cafe’s strong reputation by upholding its commitment to quality ingredients, excellent customer service, and warm friendly atmosphere while adding their own touches to the offering. As this is a daytime only venue, new management may consider offering patrons extended service hours that cover the late afternoon and early evenings and beyond. They may also weigh the merits of the addition of a beer and wine license to complement their popular items with wine, mimosas or entire weekend champagne brunch offerings.
- Competition / Market:
-
The cafe faces competition from a variety of establishments that vie for the same clientele, however, when it comes to artisanal bakeries, casual brunch spots or trendy coffee shops, we cannot think of any in the area that can offer a comparable quantity of unique offerings, that boast the customer embraced menu or that delivers the welcoming atmosphere this retail bakery delivers day in and day out. As such, this venue has established itself as a community staple without rival.
- Reasons for selling:
-
Personal
- Employees:
- 2
- Years established:
- 2009
Other Information
- Support & training:
-
Seller will train for 2 weeks at 20hrs per week or as negotiated
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller may consider a small secured carry to a credit-worthy buyer with sufficient experience to facilitate an SBA or conventional loan, based on overall offer.
- Furniture / Fixtures value:
- $80,000 - included in the asking price
- Inventory / Stock value:
- $30,000 - included in the asking price
