Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$40,000 USD USA Dollars
Business for Sale Industry:	Food & Beverage: Restaurants, Fast Food, Deli
Reason for Selling:	The Seller's have no food industry experience.
Year Established:	2006
# of Employees:	3 FT / 3 PT
Yearly Revenues:	$275,000
Yearly Gross Income:	$275,000

Business for Sale Overview:

This charming, warm, and vibrant bistro and coffeehouse is located directly across from Greenlake, in one of the most desired locations, and it has FREE parking under the building, which is a huge plus in this area. Having just opened in late 2006, the owner's have no previous food and beverage experience and have found this type of business to be too much for them. The business occupies 1850 sq ft and seats 35, with room for more seating, and the equipment and fixtures are like new. The fare includes gourmet coffee and espresso, soups, sandwiches, Panini’s, salads, and deserts. The current owners have not explored or promoted an evening business, which is huge, and have barely even tapped the catering market in this area. The business offers free Wi-Fi and has a very open and relaxing environment - perfect for a casual visit or a place to catch up on some work. Visit the website at www.soupedupcafe.com. The demographics of this area, the atmosphere of the business, and the location all add up to this being a very successful business for an experienced operator.

Property Features and Assets:

This charming and warm Bistro and Coffee shop is located directly across from Greenlake. The business opened in late 2006 and it occupies approximately 1850 sq ft with seating for 35. There is FREE parking in the garage under the business and this is a huge plus in this area. The base monthly rent is $4,470 plus NNN charges of $1,485. The Lease runs till 5/30/2009 and has a 5 year option to extend the term.

Market Competition and Expansion:

There are several other Coffeehouses and eating establishments in the area, however, none have the charm, warmth, and atmosphere of this business. It is also ideally situated directly across from Greenlake and it has FREE parking. The current owners have no experience in the food and beverage industry and have done very little promotion of this business. The business is located in one of the best locales in the Greenlake area and could become a real destination type coffeehouse & Bistro. This is an ideal area for catering and that avenue has hardly been explored by the current owners. The current owners have not even tapped the evening business in this area, which is huge. This is a goldmine for an experienced owner.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.