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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Café in Office Building
(Food & Beverage , Coffee, Deli, Luncheonette)
Middlesex County , NJ
Listed Price: $ 175,000
Listing ID: LNCH271

Listing DetailsGross Revenue: $ 495,000
Cash Flow: $ 80,000
FFE: $ 125,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

The sale is due to the owner's relocation out of the area.


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2012
Days & Hours of Operation: Mon.-Fri. 7:30am-3:30pm
Non-owner Payroll: $ 11,400
Employees: 5
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 2,459
Square Footage: 1500
Facilities:

The business is in a huge commercial mall which consists of various high-rise office buildings with thousands of daily workers and hundreds of independent companies. This opportunity is in Northern New Jersey, Middlesex County, which consists of various highly populated communities with continued demand for this basic food service. The business has two entrances, both in the lobby of a huge office complex. The luncheonette facility which consist of 1,500 square feet has a clean and modern appearance.


SummaryBusiness Description:

Highly successful café luncheonette located in a high-rise office complex. The immediate area also has multiple other high-rise buildings representing hundreds of business and thousands of daily workers. This luncheonette / café is offers friendly, engaging service combined with quality foods. The cafe’s menu is dedicated to producing a substantial variety of simply but quality foods with various international themes to its many customers they serve. The café also offers delivery and catering which represents approximately 15% of their gross sales. This company has five employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $11,400. The business has an assignable commercial lease which expires 2023 with a monthly rent of $2,459 cost per square foot is estimated at $19.67 and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost. This successful cafe business operation is active five days per week, with hours from 7:30 am to 3:30 pm. The business has been valued at $175,000 based on a multiple of the net yearly income including the value of the specific business assets and institutional financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business should supply a wonderful positive cash flow to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely 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:

No other competitors exist at this located due to landlord’s agreement for no other competitors and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, 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 web site, limited delivery service and if improved can further develop the business yearly gross sales.


Financing/Terms:

Is considered to a qualified buyer with an appropriate down payment.