Neighborhood Cafe in Busy Location with Rave Reviews

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Excellent site to expand to full-service restaurant.
Asking Price:
$125,000

Gross Revenue:
$225,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$50,000
included in asking price

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Business Description

This cozy and friendly cafe serves organic and specialty coffees and teas along with fresh-daily pastries, bagels, lunch and breakfast sandwiches, soups, and salads, with over six years in a desirable bayfront location. A casual, community hub for the neighborhood to gather, eat, relax, and socialize.

About the Business

Year Established:
2012
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
1,800
Rent:
$2,142.00 Per Month
Facilities:
Electrical service and sewer lines have been upgraded. Restroom remodeled to ADA compliance. LED lighting throughout to meet CA codes. Approx. 1800 sq ft in total (seating, kitchen, office/storage area). Additional overhead storage available as well. Commercial-grade wireless internet. Current rent of $2,142/month includes water and free off-street parking.

Price includes all furniture, fixtures, and equipment ("FF&E"), leasehold improvements, recipes and brand collateral, logo and name, menus, website, on-hand inventory, etc.
The itemized list of FF&E alone is estimated to cost over $50,000+ to replace and install.
The business currently operates at a small profit for the owner-manager; however, a new owner can use the established clientele and infrastructure to expand both hours and offerings without incurring higher fixed costs. In other words, a sound foundation for building a highly-profitable business.
Market Outlook/
Competition:
Established highly-rated online presence on Facebook (4.7/5), Google (4.7/5), Yelp (4.5/5), Trip Advisor (5/5), Instagram. Trip Advisor ranks as #1 out of 15 coffee and tea options in the local area. Strong connections with local community, neighboring schools, hotels, and other small businesses. Established ongoing relationships with online ordering accounts.
Growth & Expansion:
A new owner could add a grill and hood for full restaurant service. Currently open for breakfast and lunch only -- a new owner could also add a dinner menu and evening hours.
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About the Sale

Reason For Selling:
Moving from area.
Training/Support:
Two weeks of on-site training included in sale.

Listing Info

ID:
1623001
Ad Detail Views:
0

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Business Listed by

Tim Cunha, J.D.

an EvergreenGold Business Broker
License# BRE# 01919755

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Source: Decennial Census (2010), United States Census Bureau.

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