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Prominently Located Corner Cafe
Location: United States -> New Jersey -> Hudson County
Industry: Food and Beverage > Restaurants and Fast Food (Non-Franchise)




Business Summary

Husband and wife team planning of moving to South America. Offering an icon business in Hudson County. Corner location with a traffic light.

For over 12 years has been the favorite of the nearby residents, employees of the court house, police department, schools and small businesses and corporations. It is prominently standing on multiple street corners with high visibility. The facility has a cozy inviting warm space. It has a seating capacity for over 20 people. With six days of operation Mon-Fri from 6 am to 4pm and Sat from 6 to 2 pm.

Generates a gross revenue of $480,000. Owner benefit runs about $140,000 per year. With an aggressive ongoing marketing plan this business will continue to grow specially if the days and hours are extended and deliveries are added. The owners renovated the business and spent about over $75,000. FF & E is about 70,000 and inventory runs about 5,000 which are all inclusive in the price. Sellers own the property and are highly motivated to lease the space at a reasonably 7 yrs plus extension package (over 2500 sq ft including the finished basement and office). Sellers are willing to finance part of the Selling price of $450,000 to qualified buyers. Seller will train at no cost 2 weeks during the transitional period. A must see business opportunity. Pending approval for sidewalk cafe.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $460,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Inventory:  $5,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2000
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  Moving

Photos

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Prominently Located Corner Cafe Photo 1




Print Listing Id: 700212697
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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 Jersey Businesses For Sale > New Jersey Franchises For Sale > New Jersey Business Brokers



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