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Business for Sale Summary

Cafe For Sale in New York County, NY - 30858

Business Type: delicatessen/catering services,nutrition & health food,other eating & drinking places,bagel stores,restaurant/ cafes/ diners
Cafe For Sale in New York County, NY
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This business has received 135 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $230,000 Down Payment $230,000
Gross Revenues $520,000 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View

Financing

$230,000 Down and Please make your best all-down offer!

Business Description

After 20 years of ownership, the sellers are ready to move on to other business interests.This unique cafe in a hip downtown location serves up bagels, lattes, omelets, salads, and much more in a very cool, antique-filled setting. Store hours are 7am to 7pm. You might want to stay open later, since there is foot traffic into the wee hours in this trendy, young Manhattan hood. You will be impressed by the great reviews the cafe gets on Yelp. 65% of gross sales are made in-store and the balance of 35% come from internet delivery orders. While the cafe only accepts cash in-store, you could dramatically increase your revenues were you to accept credit card and smartphone payments. The sellers suggest that a new owner might want to get a beer & wine license. Social media initiatives could really boost the top and bottom lines. Lastly, it would be a no-brainer to offer catering. You'll find 850 square feet, both up and down. The fully-equipped kitchen comes with roof venting. The landlord stands ready to give you a brand new 10 year lease starting where the current one leaves off at just $7,600/month. Please do not say anything to the employees or customers when visiting this cafe, as they do not know it is for sale. Then, kindly call or text the listing broker, Jay Goldman, at 917-912-3282 to make an appointment for a tour of the facilities and to speak with the owner. Please obtain the address for listing 30858 from www.vestedbb.com before contacting Mr. Goldman.

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.