Cafe Diner In Prime Downtown
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $1002985
Net Profit / Cash Flow $224985
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2008
Number of Employees 6 - 9
Relocatable Not Disclosed
Number of Employees 6 - 9
Real Estate Leased
Training Yes
Reason for Sale Personal
Description These Deals Don't Come Around That Often. Established Cafe Diner with Sidewalk Seating in Prime East Village Location. Because owner and his wife want to re-locate their young family to South Florida to be nearer to relatives, he is Only Asking $350K, which is a mere 1.5 x Cash Flow and will offer Seller Financing on $100K of that. Lots of foot traffic all day and night. College students and young professionals populate this ever gentrifying neighborhood. 10 Years Left on Lease at only $8K/month. Major upscale residential complex right across the street insures a steady flow of customers. Internet deliveries already account for 15% of sales and could grow with some local advertising. Then call or email broker Jay Goldman (561-213-6114) for an appointment to meet the current owner, when you are ready to take the next step. The seller will rollover his lease and utility security deposits as an incentive, if you can move quickly.
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