Business For Sale

Café in Office Building

Not Disclosed, NJ
Middlesex County


Asking Price: Annual Revenue:
$175,000 $495,000

Food & Beverage: Coffee, Cafe, Dessert


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RE: Café in Office Building Broker: Ron Cervelli
Owner Financing is Available!
Is considered to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $175,000
Annual Revenue: $495,000
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $125,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 5
BBN Listing #: 80043909
Broker Reference #: LNCH271

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Business Overview:

Highly successful café luncheonette located in a high-rise office complex. The immediate area also has multiple other high-rise buildings representing hundreds of business and thousands of daily workers. This luncheonette / café is offers friendly, engaging service combined with quality foods. The cafe’s menu is dedicated to producing a substantial variety of simply but quality foods with various international themes to its many customers they serve. The café also offers delivery and catering which represents approximately 15% of their gross sales. This company has five employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $11,400. The business has an assignable commercial lease which expires 2023 with a monthly rent of $2,459 cost per square foot is estimated at $19.67 and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $125,000 which is based on equipment and licensing replacement cost. This successful cafe business operation is active five days per week, with hours from 7:30 am to 3:30 pm. The business has been valued at $175,000 based on a multiple of the net yearly income including the value of the specific business assets and institutional financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business should supply a wonderful positive cash flow to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

The business is in a huge commercial mall which consists of various high-rise office buildings with thousands of daily workers and hundreds of independent companies. This opportunity is in Northern New Jersey, Middlesex County, which consists of various highly populated communities with continued demand for this basic food service. The business has two entrances, both in the lobby of a huge office complex. The luncheonette facility which consist of 1,500 square feet has a clean and modern appearance.

Market Competition and Expansion:

No other competitors exist at this located due to landlord’s agreement for no other competitors and to the best of our knowledge, due to various circumstances, 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. The business presently has a limited marketing plan, no web site, limited delivery service and if improved can further develop the business yearly gross sales.

Reason for Selling:

The sale is due to the owner's relocation out of the state.

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.

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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