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Business for Sale Summary

European-Style Cafe/Bakery in New York County, NY - 32140

Business Type: bakers & confectioners,other eating & drinking places,seller financing available,restaurant/ cafes/ diners
European-Style Cafe/Bakery in New York County, NY
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Financial Information (non-confidential)

General Information
Asking Price $200,000 Down Payment $150,000
Gross Revenues $416,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and $50,000.00 at 7% over 24 months

Business Description

This European-Style Cafe/Bakery established in 2016 is located in one of the trendiest sections of Manhattan. This year is its first full year with sidewalk seating (18 seats), which has boosted both sales & profits year over year. Open 7am-7pm seven days/week, the cafe offers Italian coffee, French pastries, and artisanal sandwiches with a relaxed vibe that makes its customers feel at home and return frequently. It's on a main avenue and just one block away from a subway station. The variety of espresso drinks and daily brewed coffees, both hot and cold, are made with Bristot coffee beans. Using a custom-made espresso Italian machine, La Spaziale, the cafe gives its customers the perfect espresso experience. All its pastries are carefully sourced and imported from the Champagne region in France. They are baked every morning and throughout the day, so that they preserve their crispy golden envelope and melting tasty heart, which makes customers fall in love at first bite. The cafe makes its sandwiches the only way a sandwich should be made: crafted to order. To provide its customers the best tasting experience, it uses its signature recipes and the freshest ingredients, including imported meats and cheeses. All employees are on the books and making at least minimum wage. Assuming you intend to manage the business yourself full-time, you can expect to put at least $60K in your pocket and probably more, given that, when the owner is present, customer service almost always improves, as does cash management. You would be well-advised to add ice cream and gelato to the mix of products offered here. The seller has other business interests to which he must give more of his focus now. He will, however, give you all the transitional support & training you need to succeed on your own. Please do not speak with any employees or customers when visiting this location, as they do not know it's for sale. Kindly contact the listing broker, Jay Goldman, at 917-912-3282 or jaygoldman@vestedbb.com to make an appointment to meet with the owner and get a full tour of the facilities.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.