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Business for Sale Summary

Hip Cafe for Sale in Downtown Manhattan - 30858

Business Type: bagel stores,delicatessen/catering services,nutrition & health food,other eating & drinking places,restaurant/ cafes/ diners
Hip Cafe for Sale in Downtown Manhattan
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This business has received 194 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $100,000 Down Payment $100,000
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

$100,000 Down and All reasonable offers will be considered!!

Business Description

The Asking Price for this this Unique Cafe in a Hip Downtown Location that serves up bagels, lattes, omelets, salads, and much more in a very cool, antique-filled setting has just been Drastically Reduced from $175K to $100K to reflect a slowdown in business from the Covid-19 pandemic and the sellers desire after 20 years of ownership to move on to business interests overseas. You will be impressed by the great reviews the cafe gets on Yelp. In 2019, 65% of gross sales were made in-store and the balance of 35% came from internet delivery orders. While the cafe only accepts cash in-store, you could dramatically increase your revenues were you to take 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. Perhaps, you can do even better than that. Please do not say anything to the employees or customers when visiting this Hip Cafe, as they do not know it is for sale. Then, kindly email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment for a tour of the facilities and to speak with the owners. Please obtain the address for listing 30858 from www.vestedbb.com before contacting Mr. Goldman.

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.