Profitable Hip Cafe For Sale in NY, NY - 32789

Financing

$199,000 Down and $50,000.00 in seller financing at 5% over 24 months may be made available to qualified buyers

Business Description

This Hip Take Out & Delivery Cafe in a trendy section of Manhattan serves breakfast, bagels, sandwiches, salads, munchies, coffees, teas, matchas, soft drinks and more. It opened for business in June 2019 and never looked back, especially when the pandemic changed things. Internet delivery, take out, and catering orders account for the bulk of the sales. Open Monday-Friday from 7am-8pm and Saturday-Sunday from 8am-5pm, you would be well-advised to open earlier and close later. The husband/wife owners, along with a silent other one, are now ready to sell for their own personal reasons. The wife is the main worker of the three and she & her husband want to spend more personal time together. The silent partner is thrilled with the way the business has grown, but is in a totally different business and would be happy to cash out to grow his own business more. At street level, you will find 300 sq ft. There is no indoor dining, only to-go orders. 95% of the space is kitchen operations, with a small walk-in area that holds 2-3 customers. Rent is $2,650/month and escalates at just 3% with zero real estate tax. The lease has 8 years to run. An outdoor space was built-out at a cost of $7,000 and is roughly 180 sq ft. There are three tables with 4 chairs each. The city has yet to charge a penny for this space. The basement rent is $1,500/month for 700 sq ft. There are 11 five-tiered shelves to store inventory items, 3 office desks, and 3 office chairs. 50% of the basement is office space. The rest is used for storage of non-perishable foods, drinks, snacks, cleaning supplies, and other supplies, such as cups napkins, and all paper packaging items. The husband /wife sellers are willing to split the cost of the basement space in return for being able to use some of it for their personal purposes. Average weekly payroll comes to $7,000, which includes 3 full-time and 8 part-time employees. A full equipment list and further financials will be made available at the sellers' discretion. Asking 2 times verifiable cash flow of $125,000 at $249,000 with only $199,000 down & $50,000 in seller financing at 5% over 24 months is a true bargain, especially given how organized this business already is and its growth potential going forward. Please do not say anything to the employees or customers when visiting the location, as the employees and customers do not know it is for sale. Kindly contact Jay Goldman, the listing broker, to ask some basic questions and schedule 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. Should you want to get the name & address right away, kindly upgrade to premium membership.

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.