Business For Sale

Café in Morris County

Not Disclosed, NJ
Morris County


Asking Price: Annual Revenue:
$85,000 $296,199

Food & Beverage: Coffee, Cafe, Dessert


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RE: Café in Morris County Broker: Ron Cervelli
Owner Financing is Available!
May be considered to a qualified buyer with an appropriate down payment.

Quick Facts

Asking Price: $85,000
Annual Revenue: $296,199
Net Profit: Not Disclosed
Cash Flow: $53,000
Total Debt: Not Disclosed
FF&E: $12,500
Real Estate: Not Disclosed
Year Established: 2005
Employees: 3
BBN Listing #: 26593909
Broker Reference #: BKRY137

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Business Overview:

Woodland Café is a must see, successful Café business with bakery products located in an affluent highly populated community of Chatham, New Jersey and in an active commercial mall. The business has a gross income of $296,199 and a consistent net yearly income of $53,000. This is an attractive modern long-standing café conveniently located in a wonderful commercial mall. The Cafe is nestled in an affluent area of Northern New Jersey and in a cozy neighborhood where many locals are greeted by name. A steady stream of loyal regulars is serviced along with lots of daily shoppers and workers eager to sample the numerous cafe goods. The café offers an assortment of coffee, soups, breakfast products, cookies and pastry, including an assortment of cakes and all foods are originate from the finest natural ingredients. They also offer a selection of fresh baked breads, muffins, croissants, and pastries. Their coffee is exceptional, and they place careful efforts with obtaining the best quality beans. They must have exceptional taste for their customers and it is their goal to offer the best coffee experience available. This café has been family owned and operated since 1969 and over the past years, they have provided the area with exceptional customer service and high-quality goods. The café business has 3 full time employees who are unaware of the pending sale and fully expected to remain post closing, monthly payroll of approximately $9,600. The business has an assignable commercial lease which expires September 30, 2019 plus an additional five-year option, monthly rent is $6,500, rent security of $13,000. The company’s corporate tax returns can identify the business assets at approximately $125,000 which represents equipment and licensing replacement costs. The business is active Tuesday-Sunday with hours from 8:00 am to 6:00 pm and shorter weekend hours. The sale includes a certificate of occupancy and food license from the municipality and the required state or city licenses to conduct its day to day business. The business has been valued at $85,000 based on a multiple of the net yearly income and the value of the specific business assets. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator prior to debt service. Please do not disturb business, this sale is 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 facility consists of an attractive retail store with an interior space of approximately 1,890 square feet. The facility also has a clean modern appearance with all upgraded equipment. The Cafe is located on an active commercial avenue in a modern mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Morris County, which consists of various affluent communities with continued demand for this food product.

Market Competition and Expansion:

To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply an appropriate non-compete agreement to the purchaser. The business presently has a limited marketing plan, no wholesale service, basic web site, which if improved can further develop the business bottom line net income. Additionally, improving the menu items will increase future sales.

Reason for Selling:

The sale is due to the owner’s desire to focus on

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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