Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Cafe Luncheonette
(Food & Beverage , Coffee, Deli, Luncheonette)
Hunterdon County , NJ
Listed Price: $ 110,000
Listing ID: LNCH275

Listing DetailsGross Revenue: $ 108,305
Cash Flow: $ 72,206
FFE: $ 65,000 (Included in Price)
Reason for Sale:

The owner is retiring and moving out of state.


Training & Support:

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


OperationsYear Established: 2012
Days & Hours of Operation: The café business is active Wednesday, Saturday and Sunday with hours from 6:00 am to 4:00 pm. Addit
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 1500
Monthly Rent: $ 1,344
Square Footage: 1200
Facilities:

This successful retail facility which consist of approximately 1,200 square feet have a modern professional appearance. The business is in a large indoor and outdoor flea market with various other active and successful businesses. This opportunity is in Central New Jersey, Hunterdon County, which consists of many highly populated communities with continued demand for this industry.


SummaryBusiness Description:
Popular long-standing café and fast food restaurant located in a highly successful indoor / outdoor antique flea market with thousands of yearly visitors. The owner has elected to retire after many years in this industry and has priced this business transaction at a very marketable price with owner financing. The café consists of a free-standing building with a private entrance and comfortable indoor and outdoor seating. This café is located at a 50-year-old highly successful antique Flea Market which is well known as an institution, is open year-round, since 1967, and has been a “gold mine” for finding antiques, collectibles, art and more and is clearly not your everyday flea market. They have ATMs on site as well as outdoor seating for lunch or food breaks and enjoy a variety of refreshments at this fair environment. The café business is active Wednesday, Saturday and Sunday with hours from 6:00 am to 4:00 pm. Additional days optional. The business transaction will offer an assignable commercial lease which expires 2021 plus additional options available, with a monthly rent of $1,344 all in, cost per square foot is estimated at $9.95, and rent security of approximately $1,500. This café business consist of two part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, or a weekly base salary, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $720. The business has been valued / priced at $110,000 which is based on the seller’s representation of a multiple of the net yearly income which includes the value of the specific business assets. Also, possible seller financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable safe business. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

 


Competition:


To the best of our knowledge, due to landlord non-compete lease agreement, 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 opportunity can be further expanded by the new operator by offering a catering menu, improving the existing marketing plan and the required local advertising. Additionally, the company does not have a web site and if adjusted can further develop the business yearly gross sales.


Financing/Terms:

Will be considered with an appropriate down payment.