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Cafe - In Office Building
Location: United States -> New Jersey -> Middlesex County
Industry: Food and Beverage > Other Food and Beverage




Business Summary

Highly successful café luncheonette located in a high-rise office complex. The immediate area also has multiple other high-rise buildings representing hundreds of business and thousands of daily workers. This luncheonette / café offers friendly, engaging service combined with quality foods. The cafe's menu is dedicated to producing a substantial variety of simply but quality foods with various international themes to its many customers they serve. The café also offers delivery and catering which represents approximately 15% of their gross sales. This company has five employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $11,400. The business has an assignable commercial lease which expires 2023-01-01 plus additional options, with a monthly rent of $2,459 cost per square foot is estimated at $19.67 and rent security of approximately $5,000.

The business is in a high-rise office complex, in a huge commercial complex, minutes from the Garden State Highway, on an active county road, consists of approximately 1,500 square feet and the café has an estimated capacity for thirty-nine customers. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost and the sale consists of a fully equipped commercial kitchen, refrigeration & freezer units, cash register system, displays, shelving, tables, ice machine, computers, fire suppression system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. This successful cafe business operation is active five days per week, with hours from 7:30 am to 3:30 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required city licenses to ...


Financials

Asking Price Range:  < $250K
Gross Revenues:   $495,000
Cash Flow:   $80,000
Cash Flow Type:  EBITDA
Inventory:  $125,000
Seller Financing:  Yes

About The Business

Year Established:  2013
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.
Reason For Selling:  The sale is due to the owner is relocating out of the area.

Photos

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Cafe - In Office Building Photo 1




Print Listing Id: 700285740
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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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