Price: $139,000
Location: Somerset County, New Jersey
Industry: Fast Food
Listing ID: FF450
Café Specialty Coffee & Refreshing Drinks Sandwiches & Salads. This is a well-known Ultra-modern Café known for fresh sandwiches made in small batches and moderate prices, convenient for their many customers. They also offer tasty salads made with fresh ingredients. They have wonderful choices of specialty coffees, teas, and other refreshing drinks. The business operation has a warm, relaxing, and friendly environment. They use only specialty coffee and brew and prepare for the best quality and their teas come from Master Tea Blenders and all are made to order. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a wonderful opportunity for a new owner operator. The 2022 yearly gross income as represented by the owner is estimated at $238,332.86 and the business has a consistent yearly net income of $46,542 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2023 income is expected to be greater than the previous year. A formal due diligence is recommended by the broker. The business has been priced at $169,000 which is based on a multiple of the average net yearly income, with consideration of the particular business assets. Seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
Listing Details
Revenue: $242,439
Cash Flow: $46,550
FFE: $90,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner absenteeism from this operation.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to purchaser.
Operation
Year Established: 2019
Days & Hours of Operation: Days Hours of operation; this business is active seven days per week, with hours from 8:00 am to 7:00 pm.
Owner Hours Per Week: absentee
Employees: Regarding employees and payroll; this café business consist of eight parttime employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $8,000.
Absentee Owner?: Yes
Location
Security on Lease: Two Months
Lease Option: Yes additional options.
Monthly Rent: 3,800
Type of Location: Active commercial Mall
Square Footage: 1,700
Relocatable?: Yes
Facilities Information:
This business opportunity is in central New Jersey, Middlesex County on a highly active county road. This business facility is in a commercial mall with many other companies, consists of approximately 1,700 square feet with a modern, attractive, and professional appearance. The business has a capacity for forty-five customers with lots of seating.
Summary
Historical Summary:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Owner Qualifications:
For Qualifications purposes; this business opportunity does not require any specific government licensing approval to purchase or operate other than the standard required municipal licenses.
Competition:
Regarding competition, to the best of our knowledge, 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:
Regarding growth and expansion, the retail company can be further developed with a full-time owner operator, delivery and improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
Seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
