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Business for Sale Summary

Food Cafe for sale in NY - 34713

Business Type: misc. service/non-classifiable,other eating & drinking places,other food stores,seller financing available,restaurant/ cafes/ diners
Owner Financing
Food Cafe for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $75,000
Gross Revenues $550,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$75,000 Down and $50k at 3% for 12 months

Business Description

This location is in a heavily-trafficked shopping center. While net profits are low, this is primarily due to lower sales/profits due to the impact of COVID over the last 12 months along with high labor costs due to overstaffing to support the business remotely (current owner is out of state). The FF&E are brand new and the asking price is almost the equivalent of the total asset value of the FF&E alone at $103k! The reason this business is on the market is primarily because the distance from the other restaurants in this chain is too far and the owners do not want to focus on a single restaurant in an entirely different state. The right owner could benefit greatly from the upside this location offers by a) growing on-premise and off-premise as COVID restrictions are finally being removed, 2) being more present to interact with guests, and 3) driving down labor costs with more hands-on management (current owners needed to staff up throughout covid to support the location). Permitted Use: Fast casual restaurant serving menu items like sandwiches, salads, bowls, juices, etc. or items similar to such. Tenant may also serve beer/wine on-premise with an alcohol license that currently is not in place and would increase cash flow/revenues. New concept may not be in direct competition to neighboring businesses: Blaze Pizza, Bountiful Bread, Chipotle, Mr. Fuji Sushi, Primal Neighborhood Butcher, Starbucks, TGI Fridays.

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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.