Breakfas & Lunch South Philadelphia
Business Description
Operating now !!!.This is a very busy, safe, and conveniently located breakfast and lunch spot. The current owner has completely renovated the store and all the equipment looks brand new.t's such a busy commercial area, the se close at 1:30 PM . If next buyer open the business till evening ,You anticipate a lot of sales. The owner is selling for $169,000 because he needs to sell urgently for other business. As you can see, the store is completely renovated. It's currently open seven days a week from 6:30 AM to 1:30 PM. The rent is $2,150, and weekly sales average $8,500 to $9,000. New tenants can sign a new 10-year lease with the building owner. The current owner operates the store on a rotating basis, with his son and three other employees. They could expand the offerings and extend the hours to the evening which would be a great option. Thebusiness expenses are about $1,600 a week for labor, $800 a month for utilities, $3,500 a year for insurance, and about 50% of the credit card sales. There are no credit card charges. And all other expenses can be covered by $700 a month. So if a new buyer runs the business with the current sales, the couple can make about $120,000 a year, and as I mentioned before, if they increase the sales, they can generate more profit. The original price should be about $250,000 but because the owner is selling urgently so it has to be $169,000 without a deal. You must see it.
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,200
- Rent
- $2,150.00 per month
About the Sale
- Seller Motivation
- Personal
- Transition Support
- 2 weeks
Listing Info
- ID
- 2413459
- Listing Views
Business Location
Listing ID: 2413459 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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