Tupelo Data Room
Donut Shops, Miscellaneous Restaurant & Bars
Active

Donut, Boba, Coffee Shop/ Downtown Covina - Pedestrian Customer Fave

Covina, Los Angeles County, California, United States
listing image
Asking Price$158k
Revenue-
EBITDA-
Cash Flow-
Description
***RECENTLY REDUCED PRICE CORRECTION!*** Rent is $4,552.00 includes NNN fees. This asset sales INCLUDES an ABC Type 41 license. The kitchen has a 20 foot Type 1 hood (grease and smoke), fryers, and walk-in cooler, mixer - along with all of the equipment that you'll need for a turnkey food business. The Seller built out the kitchen and store from scratch during the Pandemic. Nestled within a three block radius in busy downtown Covina, CA this established donut/dessert shop benefits from lots of families and tourists looking for places to eat, drink and to be entertained! On Friday nights there is a vendor fair across the street that brings in the crowds. Indoor and sidewalk seating available for this quick-grab-and-go concept. Currently, the shop offers popular mochi donuts, malasadas, desserts, ice cream and specialty coffee and boba drinks. A new Owner can continue with the proven franchise concept or propose another use to the Landlord such as; poke, burgers, fries, Korean corn dogs, fried chicken, hotdogs, anything a traditional commercial kitchen can create! The kitchen has a 20' foot Type 1 hood, fryers, and walk-in cooler, mixer - along with all of the equipment that you'll need for a turnkey food business. The Seller built out the kitchen and store from scratch during the Pandemic and opened May 2021. Currently run by employees, it's also a terrific opportunity for a family-run business. Free customer parking in the rear of the building and the public parking structures allow for up to four hours of free parking. This community supports shopping local! A signed NDA and proof of funds will be needed to answer any questions (address, location and equipment list etc) about this opportunity. This is an all cash sale through escrow. Disclaimer: All information provided is deemed reliable, but is not guaranteed and should be independently verified. DRE #01963614
Real Estate
Rent is $455,200 per month
Building Size: 804 sq. ft.
Business is
Absentee Owner
Year Established
2021
Reason Selling
Focusing on other investments.
Facilities & Assets
The kitchen has a 20 foot, Type 1 hood, fryers, and walk-in cooler, mixer - along with all of the equipment that you'll need for a turnkey food business. The Seller built out the kitchen and store from scratch during the Pandemic.
Support & Training
Negotiable. Just ask!
Market & Competition
Lots of pedestrian traffic pass by the store as they stroll downtown Covina. Located across from an active city park that offers entertainment, vendors, art and more.
Growth Opportunities
Absentee Owner has employees run the store. Great for a family business. The business can be changed to other food uses with landlord's blessing. Two years into a ten year lease at a low annual increase until end of term. Two five year options to exercise.
Financing Options
Sorry, no Seller Financing available. Transaction through escrow.
Asking Price$158k