Breakfast & Lunch Place - Reduced Price!
Seller Financing Available
Asking Price:   $100,000Inventory:   $5,000 ++
Gross Revenue:   $245,399 (comments below)Real Estate:   n/a
Cash Flow:   $60,290 (comments below)FF&E:   $50,000 ++
++ included in the asking price         ** not included in the asking price
Gross Revenue Comments: 6 days a week
Cash Flow Comments: can be as high as $80K
The business is located in a downtown neighborhood where it draws clients primarily from the surrounding area, including commercial and residential walk-in traffic. Restaurant has prominent, attractive signage. The business does a significant amount of delivery and catering business on weekdays, including accounts with a major university. On the weekend it is overflowing with customers, some Sundays the waiting list for a seat reaches nearly 100 people.
About the Business
Year Established:2005
Employees:2 full time - 8 part time
Facilities:Current owners lease the property that is 1,200 sq. ft. and has on street parking, in addition there is a commuter parking lot just a few steps away. Restaurant seats 28 people in a very eclectic neighborhood. Current lease is $1,500/mo. Landlord is willing to assign the lease which has a term through 2016.
Market Outlook and Competition:Current owner has done a good job of marketing and advertising. They regularly print up flyers which they hand out to customers and local businesses. They send out a daily fax to people who request it, nearly 250 a day. He currently spends very little on adverting, some could be done to help fill more seats from Mon-Thurs. Customers want him to open on Mondays.
About the Sale
Management Training and Support:Owner is willing to train new owner for two weeks at no additional charge to provide a smooth transition. Owner is willing to stay on as a cook for some in determinant period to be negotiated.
Reason For Selling:Owner has other interests
Seller Financing:Seller prefers cash deal, but will consider all offers.

KEYWORDS: Breakfast, Lunch, Catering


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Business Listed By
Jeff Swiggett  |  VR Business Brokers
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State: Connecticut
County: New Haven

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