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Business for Sale Summary

Breakfast & Coffee Restaurant/Cafe - 36460

Business Type: other eating & drinking places,owner financing available,restaurant/ cafes/ diners
Owner Financing
Breakfast & Coffee Restaurant/Cafe
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This business has received 39 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $289,000 Down Payment $200,000
Gross Revenues $750,000 Lease Remaining Register Free to View
Owner’s Cash Flow $140,000 Number of FT Employees Register Free to View

Financing

$200,000 Down and $89K over 3 yrs. @ 9%.

Business Description

Breakfast & Coffee Restaurant & Café. Major Price Reduction! Well-branded and beautifully decorated, this space has become a new hotspot in Suffolk County, New York. They offer limited hours, specializing in breakfast and coffee items as well as a beer & wine license. They offer 2,400 sf of space with seating for 100 inside and an additional 50 outside. A new owner can easily extend hours for lunch and dinner, if desired. The space is fully equipped with a large kitchen. All furniture, fixtures and equipment were fully replaced just 4 years ago. In fact, this shopping center has its own private parking lot for 40 cars. That is unheard-of in this area, which is entirely metered parking. In the past year the business grossed approx. $740,000 with an owner’s cash flow of approx. $140K. There are 16 years left on the current lease with a rent of $7,604/mth. We are seeking a serious and qualified buyer with at least $200k in liquid funds and some restaurant background. Proof of funds will be requested prior to a buyer-seller conference call or meeting. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All meetings must be scheduled by appointment only!

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Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.