Breakfast Cafe Nets $176,000 yr.(See Below) $105,000 Dn. Assume 3.75%
Business Description
Well established for over 35 years. Serves Breakfast and Lunch. Open from 7:00 to 3:00 (7) days per week. BUYER ONLY INJECTS $105,000 DOWN (INCLUIDNG INVENTORY) AND ASSUMES AN EXISTING EIDL LOAN IN THE AMOUNT OF Approx.$345,000 WITH MONTHLY PAYMENTS OF ONLY $1,769 PER MONTH INCLUDING get this!! 3.75% INTEREST. Owner limits his activities to Banking (2) days per week. The seller is way over staffed with 6 cooks 4 dishwashers, 8 waitresses, and 5 hostesses,. He has one extra prep cook, two extra hostesses and one extra dish washer. This amounts to over $55,000 in excess labor for an owner operator. The sellers payroll runs over 37%% with food cost at 24%.About three months ago he changed suppliers. His present food cost is under 22%. BUYER MUST HAVE RESTAURANT EXPERIENCE TO ASSUME THE EXSITING EIDL (SBA) LOAN. The process to assume the loan takes about (3) months. Historically this café should be netting between $150,000 & $200,000 year. Put an active owner/operator in this café and watch the bottom like take off. The $176,000+ consists of net income of the business, reduction of excess labor, Miscellanies personal expenses of seller, and a 2.5% reduction in food costs for 2025. Seller changed food suppliers in October of 2024 taking his food costs from 24.17% to 21.67%. In August of 2024 he adjusted his menu pricing for an annual savings of over $27,000. Seller is willing to stay on with buyer for up to (4)months.
About the Business
- Years in Operation
- 36
- Employees
- 22 (12 Full-time, 10 Part-time)
Many of the employees have been with the seller for over 15 years - Facilities & Assets
- Full service Breakfast Lunch Café. Well known for it's quality food and friendly family atmosphere. Seats approx. 125 customers. Relies on local patrons and a host of hi way travelers, and tourists especially on weekends. Sellers lease expires in 2029 with (2) five year options.
- Market Outlook / Competition
- The market for this area is excellent. Plenty of Hi way traffic. The are several other small breakfast restaurants in the area.
- Opportunities for Growth
- The market condition for this café is excellent. The seller has been existing on his reputation for many years and has the business on auto pilot.
About the Sale
- Seller Motivation
- Retiring
- Transition Support
- Seller will assist in the transition. He is willing to stay on for up to (4) months.
- Financing Options
- Buyer assuming the existing EIDL loan in the amount of approx $345,000 3.75 % int.
Listing Info
- ID
- 2378726
- Listing Views
- 3075
Listing ID: 2378726 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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