All day café on Laurel Street in San Carlos serving sweet and savory items. They have parklet with outdoor seating. This main downtown thoroughfare is a busy part of the Peninsula, and attracts vehicle and foot traffic seven days a week. Laurel Street features other cafes and restaurants, along with retail shopping. Such businesses include Peets, Starbucks, Town, Refuge and Nick the Greek. This business presents the opportunity to own a space in an outstanding location. Currently, the location does not have a Type 1 hood, but installing one would be fairly straightforward if a new owner desired to do so: the landlord is amenable to installing a hood, and the building is one story, which would make the installation process relatively easy. The numbers below represent the 2021 YTD and on an annualized basis. In 2019 the business did $525,965 in revenue and the cash flow was $100,599 and 2020 the revenue was $465,827 (down due to the pandemic and closures as a result). A full equipment list is available upon request.

General Info

  • OrganizationCorporation
  • Established2013
  • Current OwnerContact for Info
  • EmployeesContact for Info
  • Reason For SaleOther Interests

Facilities

  • SeatingContact for Info
  • Square Feet1,266
  • ParkingPublic Parking Lot and Street
  • LicensesHealth and Business Permit
  • Open HoursContact for Info

Lease

  • Rent$5,225 All Inclusive
  • Expiration2023
  • Yearly IncreaseFixed Yearly Increases
  • Option5 Year Option
  • Deposit$8,000

Financials

  • Monthly Revenue$54,304
  • Monthly Cash Flow$11,070
  • Annual Revenue$651,649
  • Annual Cash Flow$132,849
  • Payroll$Contact for Info

Financing

  • Down Payment$Contact For Info
  • Note Balance$Contact For Info
  • Terms of NoteContact For Info
  • All CashContact For Info

DISCLAIMER: The above financial information was supplied by the seller and has not been verified by broker. Broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records, and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.

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