1. Home
  2. Businesses for Sale
  3. New York
  4. Restaurant/ Cafes/ Diners
Business for Sale Summary

Hip Cafe For Sale in New York County, NY - 32789

Business Type: catering and event planning,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Hip Cafe For Sale in New York County, NY
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 70 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $199,000 Down Payment $149,000
Gross Revenues $520,000 Lease Remaining Register Free to View
Owner’s Cash Flow $78,000 Number of FT Employees Register Free to View

Financing

$149,000 Down and $50,000.00 in seller financing at 7% over 18 months may be made available to qualified buyers

Business Description

This hip cafe in a trendy section of Manhattan serves breakfast, sandwiches, salads, munchies, coffees, teas & matchas, and soft drinks. It only opened for business on June 15th of this year and is already tracking to do $520K and $78K in annual revenue and profit, respectively. Monthly rent is just $2,500/month and the lease runs for another 9 years plus. Internet delivery and catering orders account for 70% of gross sales and 30% in-store. Open Monday-Friday from 7am-8pm and Saturday-Sunday from 8am-5pm, you would be well-advised to open earlier and close later. Weekly payroll is $3K. The operating partner, who has other business interests, feels his mostly silent partner is not helping out enough and is overwhelmed by the growth of the business. They have thus decided to sell. Please do not say anything to the employees or customers when visiting this location, as they do not know it's for sale. Kindly then contact the listing broker, Jay Goldman, to make an appointment to meet with the operating partner to ask some basic questions and get a full tour of the facilities. Mr. Goldman can be reached by text or phone at 917-912-3282 or email at jaygoldman@vestedbb.com. Please first go to www.vestedbb.com to become a free registered buyer under listing 32789, if you are new to Vested Business Brokers.

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.