Asset Sale: Cafe in Long Beach, CA with Expansion Potential

This listing presents an asset sale opportunity for a 1,000 sq ft cafe located in Long Beach, California. Established in 2016, the cafe currently offers teas, pastries, tarts, cookies, and cakes. It is equipped with a hood, enabling hot food preparation and sales, which presents a significant expansion potential for a new owner. The current owner is not selling the business name or existing menu, encouraging the new owner to establish their own brand and offerings. The location benefits from high foot traffic due to its proximity to a university and major companies, suggesting potential for stable sales. The monthly rent is $2,700 ($2,400 + $300 CAM) with a 3% annual increase, and a new lease is required. The asking price is $149,000, with monthly gross sales averaging approximately $32,000. The owner is selling to focus on other locations.