Business for Sale Overview:
This well located High-End Breakfast and Lunch cafe was "built-out" by the initial owner of the business. There was $300,000 in soft-costs, leasehold improvements, furniture, fixtures and equipment placed into the Facility and Restaurant. This beautiful 2,000 square foot location has a 500 square foot covered patio that is utilized year round. There is seating for 44 guests inside and 24 on the Patio. At the current revenue level of $558,000 or $10,700 per week (actual for 2008) the business can be increased by: a new owner opening on Mondays and selected evenings, as well as offering catering. In addition, this exclusive area has a great demand for facilities to host Private Parties, i.e.: birthdays, showers, bar mitzvahs, etc. Because this is a High-End Breakfast and Lunch Restaurant the potential purchaser should be ready to submit a personal financial statement and credit report. Due to this being a class “A” property, the Seller needs to view such to verify the buyer's viability.
Disclosure:
This business is being marketed for sale by Michael C. Abbinante, of Abbinante & Co. Michael C. Abbinante is a licensed real estate broker in the State of Arizona.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This beautiful 2,000 square foot location has a 500 square foot covered patio that is utilized year round.
Market Competition and Expansion:
A new owner can open on Mondays and selected evenings, as well as offer catering. In addition, this exclusive area has a great demand for facilities to host Private Parties, i.e.: birthdays, showers, bar mitzvahs, etc. There is a large demand for Private Parties in this exclusive area that is not being provided by the current owner.
Reason for Selling:
Relocating with family to Texas.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.