Owner Financing is Available
Business for Sale Overview:
This is a well-established restaurant in a prime location and VERY LOW OVERHEAD! They offer a full menu of specialty coffees and coffee drinks; food items include signature sandwiches including wraps, Paninis, and traditional deli style sandwiches; breakfast items include breakfast sandwiches and omelets. The menu also includes fresh salads and homemade soups, deserts and baked goods. (No items requiring fryolators, keeps clean.) The restaurant is open daily for breakfast, lunch, and early evening. There is a small amount of catering being done which can be expanded. The restaurant is located at a prime, high-visibility location that is very convenient for customers and yet has exceptionally LOW RENT. The business has won awards and been featured in local media. There is seating inside for more than 30. Since its opening in 2005 the business has seen sales growth including in 2009 when sales were up by about 9% over 2008. Approximately 70% of the sales are eat-in/take-out and about 30% is delivery. The staff in place is trained and reliable staff, making this very turn-key. The restaurant and equipment is well maintained by the owner and has a nice appearance for customers. Seller will work with the new owner to transition and train. Included in the sale are all the furniture, fixtures, equipment, the rights to the name, to the telephone number, to the lease, to all recipes, 2 weeks of training and a Seller non-compete agreement. Seller is willing to finance up to 50% of the sale price to a qualified buyer. This is an excellent and rare opportunity to buy a VERY PROFITABLE, low-overhead restaurant with potential to expand at a Fair market Price with Seller-financing. Good records for an experienced buyer to verify sales and expenses during due diligence.
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:
The business leases approximately 1,200 square feet on a very busy street, at a high-visibility location. Rental rate is $1,458 per month including property taxes, water and sewer, AND UTILITIES (except telephone) through Oct. 2013. Renewal option.
Market Competition and Expansion:
Prime location, convenient to their loyal customers. Growth and Expansion: May be achieved by increased marketing; expand catering.
Reason for Selling:
Other business and family obligations
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.