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Cafe / Coffee Shop - Lower East Side
Location: United States -> New York -> New York City Area -> New York City
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

ASKING PRICE: $175,000

A friendly place to chill and have a great cup of coffee or one of their many teas with their specialty croissants, pastries, sandwiches/pannini's, bagels or salads.

The atmosphere and decor are homey and one of a kind. In addition, a 22 story apartment building is scheduled to be built just 50 yards from their location. What a bonanza! Located on the Lower East Side.

Reason for Sale:
To develop Licensing concept and expand using their Brand. Currently owns three cafes with same Brand & concept. Since this is their first sale, owner will not charge a licensing fee, however, buyer must use their coffee supplier and if buyer chooses to sell at some point in the future, buyer must give right of first refusal to seller and buyer can not use coffee supplier in any other venture.
The buyer has the option not to accept the Licensing Agreement and change the concept of this cafe to their liking if buyer likes the location.

FFE: $ 50,000 (Included in Price)
Training & Support: Will provide as necessary.

Year Established: 2010
Days & Hours of Operation: 7 days, 8am to 10:30pm
Owner Hours: Minimal
Employees: 3
Absentee Owner: No
Monthly Rent: $ 3,200
Square Footage: 450

Facilities: The feeling is low key, quaint, and rustic. Located on the Lower East Side. A place to chill. 450 sq. ft.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $375,000
Cash Flow:   $125,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $50,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Will provide as necessary.
Reason For Selling:  Seller has other interests.

Photos

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Cafe / Coffee Shop - Lower East Side Photo 1




Print Listing Id: 700219070
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Related Searches: Catering Services  >  Food Production and Packaging  >  Grocery and Supermarkets  >  Liquor Stores  >  Restaurants and Fast Food (Non-Franchise)  >  Vending Machines  >  Other Food and Beverage  > 

Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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