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Cafe Luncheonette
Location New York,United States
Asking Price Range $250K - $500K
Gross Revenues $725000
Net Profit / Cash Flow $145000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 2011
Number of Employees 4 - 5
Inventory 125000 Equipment & 2500 Inventory
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller will remain post closing and supply a 30 day transitional period.
Reason for Sale The seller is retiring after many years of success due to an illness.
Description Luncheonette Caf located in down town Manhattan, New York and servicing a huge population of shoppers and daily workers. The business has been fully remolded and is available due to a recent illness of the owner. The business produces $60,000 monthly and will evidence a net yearly income of $145,000 and a 32% return on the purchase price. The present business does not offer delivery and is open five days weekly with limited hours, which if corrected can further improve the bottom line income. Based on the asking price, required down payment and net income this business should supply a 32% return to the owner operator prior to debt service. The sale includes a fully equipped modern commercial kitchen, POS system, tables & chairs including various equipment required for this particular food industry. This sale represents a wonderful opportunity and must be viewed to be fully appreciated. The facility consists of 1,400 square feet in an attractive modern commercial setting and located on an active avenue. The business has a large commercial stage kitchen with lots of seating for its customers. This business is located in downtown Manhattan, New York on a busy avenue with a huge population of daily shoppers and workers. The caf has an excellent location nearby to various businesses that require these food services.
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