Café/Gift Shop in Geneva, New York

Geneva, NY
Ontario County

Prime downtown location


Asking Price: Annual Revenue:
$85,000 $274,485

Food & Beverage: Coffee, Cafe, Dessert


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RE: Café/Gift Shop in Geneva, New York Broker: Blair Sibley
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $85,000
Annual Revenue: $274,485
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 7
BBN Listing #: 49940071
Broker Reference #: 3631

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Business Overview:

A solid, local icon café/gift shop at the centerpiece of the ongoing Geneva renaissance. Gift and card shop featuring handcrafted items from regional artisans and Finger Lakes themed gifts, with a restaurant featuring a variety of beverages—anything from shakes to coffee to beer and wine—for breakfast and lunch until 5 p.m. Fabulous breakfast and lunch menus. Fine reputation. Excellent customer service.

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Property Features and Assets:

2,500 square feet building. Ground floor occupancy. Large immaculate kitchen with up-to-date equipment, all in excellent condition. $1,900/month lease plus $50/month towards garbage and recycling costs. Rent includes heat expenses for boiler that services whole building.

Market Competition and Expansion:

Competition: Local competitors include regional/national stores such as Wegmans, Dunkin’ Donuts, Tim Hortons and local stores including HJ Stead, Opus and Monaco’s. However, this shop has a prime downtown location exposed to lots of foot traffic. Growth & Expansion: (i) New point of sale system, (ii) Cut credit card fees 50%, (iii) Pre- and post-opening efficiencies, (iv) New food offerings, (v) Refocus on music, (vi) Working with weekly street closure of nearby Linden Street, (vii) Expanding into evening hours, (viii) Catering, (ix) Staying open for the nearby Smith Opera House events, and (x) Hosting of events and groups.

Reason for Selling:

Personal health issues.

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.

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