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| Business Description | Internet Café with Full Restaurant,Business Center and Mailboxes | | SIC Code | | Organizational Form | Corporation | | General Location | Glendale, California | | Selling Price | $199,000 | Down Payment | $199,000 | | Annual Revenues | | Discretionary Earnings | | Seasonal? N Can Relocate? N Home Based? N Absentee Owner? Y Franchise? N | Days and Hours
of Operation | 7 days/week: 9am - 2am | Year Established | 2003 | | Years Owned | 5 | | Full-Time Employees | 2 | Part Time 3 | Managers | | Other Payroll Information | | | Hours Owner Works | | | Owner's Duties | | | Skills Required | | | Training & Cost | 2 weeks training | | Non Compete | 5 miles for 5 years |
Executive SummaryThis Internet Café & Business Center has everything a college student, professional,or business owner could need! This facility is fully equipped with 100 computers, Internet access and a network game zone which attracts many professionals, business owners, and college students who need to study or simply come to play. The business also has a conference room and computers specially equipped with the most popular Microsoft software for all its clients’ educational and business needs. The business also offers a post office box service. In addition to being a business center, the facility has a full kitchen with a hood and grill and serves breakfast, lunch, and dinner as well as caters/delivers within a one mile radius. This clean and attractive facility is located in a safe neighborhood and therefore is busy from the lunch rush to late at night; one of the few Internet cafés where business people, professionals, students, and teens can all feel comfortable. At night the place is filled with students from the Glendale and Pasadena community colleges and local community people.
Motivated Seller has prompted this business to be offered at LESS than its asset value. The owner has spent more than a million dollars in this Internet Café & Business Center. The business is open from 9 am to 2 am seven days per week and is currently employee operated - an owner/operator would increase profits substantially. The current owner has done very little marketing so the community is unaware of this jewel of a business. Confidential business information provided only to qualified buyers. |
Lease / Building Information | | Monthly Lease/Rent | $15,551 | Deposit | | | Expires | | Building Type | In Line | | Terms & Options | One 5 year Option | | Square Footage / Dim. | 5280 | Seating | | | Other | |
Assets (Y=Included / N=Not Included / A=Available) | | Accounts Receivable | N | | Licenses | N | | | Inventory | N | | Type of License | | | | L/H Improvements | Y | $300,000 | Other Assets | | | | Furniture / Equipment | Y | $250,000 | | | | | Real Estate | N | | Total Assets | | $550,000 |
Information contained herein has been provided by the seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. |
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