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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Café in Morris County
(Food & Beverage , Coffee, Deli, Luncheonette)
Morris County , NJ
Listed Price: $ 125,000
Listing ID: BKRY137

Listing DetailsGross Revenue: $ 296,199
Cash Flow: $ 59,249
FFE: $ 125,000 (Included in Price)
Inventory: $ 1,800
Reason for Sale:

The sale is due to the owner’s desire to focus on a new business opportunity.


Training & Support:

The owner will remain post-closing for an appropriate time to supply a transitional period to the new operator. Additionally, the owner is prepared to accept a part time employee position post-closing.


OperationsYear Established: 2005
Days & Hours of Operation: Tues.-Sun. 8am-6pm
Non-owner Payroll: $ 9,600
Employees: 3
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 12000
Monthly Rent: $ 5,000
Square Footage: 1890
Facilities:

The business facility consists of an attractive retail store with an interior space of approximately 1,890 square feet. The facility also has a clean modern appearance with all upgraded equipment. The Cafe is located on an active commercial avenue in a modern mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Morris County, which consists of various affluent communities with continued demand for this food product.


SummaryBusiness Description:

Woodland Café is a must see, successful Café business with bakery products located in an affluent highly populated community of Chatham, New Jersey and in an active commercial mall. The business has a gross income of $296,199 and a consistent net yearly income of $59,249. This is an attractive modern long-standing café conveniently located in a wonderful commercial mall. The Cafe is nestled in an affluent area of Northern New Jersey and in a cozy neighborhood where many locals are greeted by name. A steady stream of loyal regulars is serviced along with lots of daily shoppers and workers eager to sample the numerous cafe goods. The café offers an assortment of coffee, soups, breakfast products, cookies and pastry, including an assortment of cakes and all foods are originate from the finest natural ingredients. They also offer a selection of fresh baked breads, muffins, croissants, and pastries. Their coffee is exceptional, and they place careful efforts with obtaining the best quality beans. They must have exceptional taste for their customers and it is their goal to offer the best coffee experience available. This café has been family owned and operated since 1969 and over the past years, they have provided the area with exceptional customer service and high-quality goods. The café business has 3 full time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of approximately $9,600. The business has an assignable commercial lease which expires September 30, 2019 plus an additional five-year option, as of Jan 2017, monthly rent is reduced to $5,000 plus cam $980/month, cost per square feet is $36.20, rent security of $12,000. The company’s corporate tax returns can identify the business assets at approximately $125,000 which represents equipment and licensing replacement costs. The business is active Tuesday-Sunday with hours from 8:00 am to 6:00 pm and shorter weekend hours. The sale includes a certificate of occupancy and food license from the municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $125,000 based on a multiple of the net yearly income and the value of the specific business assets. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, no wholesale service, basic web site, which if improved can further develop the business bottom line net income. Additionally, improving the menu items will increase future sales.


Financing/Terms:

May be considered to a qualified buyer with an appropriate down payment.