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Business for Sale Summary

Modern Coffeehouse for Sale in Hip Manhattan Hood - 34995

Business Type: illness forces sale!,seller financing available,restaurant/ cafes/ diners
Owner Financing
Modern Coffeehouse for Sale in Hip Manhattan Hood
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Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $79,000
Gross Revenues $250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $40,000 Number of FT Employees Register Free to View

Financing

$79,000 Down and The owner is willing to provide $20,000.00 in seller financing to qualified purchasers.

Business Description

This modern coffeehouse serving pastries, sandwiches, salads & juices, and wine & beer in a minimalist, brick-walled space in a hip section of Manhattan has just come on the market. The owner would love to keep it, but his ability to be there as much as he wants has been diminished by ongoing long-haul symptoms from when he had Covid. A more hands-on new owner could make more money without having to pay for a floater, whenever the current one becomes ill. His two full-time employees want to stay on. The cafe is a great place from which to work virtually, grab breakfast, brunch, lunch, or an early dinner, let alone people watch and enjoy all that this vibrant neighborhood has to offer. Besides dining in, there is plenty of take out and delivery to be had. Ideally, the owner would like to hand over the reins to someone who will carry on a ten year tradition and take it to the next level. He is willing to provide all the transitional support and training to accomplish just that. There are 6 years left on the lease with a below market rent of $4,500 for 765 sq. ft., plus a full basement. Asking only $99K with $79K down, the value of the build out and furniture, fixtures & equipment are worth that alone. Please contact the listing broker, Jay Goldman, to make an appointment to speak with the seller and get a full tour of the facilities. Mr. Goldman can be reached at jaygoldman@vestedbb.com. If you are new to Vested, please first go to www.vestedbb.com to become a free registered buyer under listing 34995, Then, in order to obtain the name & address of this listing right away, please upgrade to premium membership. Kindly do not say anything to the employees and customers about the business being for sale, as they are as of yet unaware.

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.