Business Overview:
Profitable business opportunity to own a successful breakfast / lunch cafeteria business in commercial high-rise office building with many business tenants. This sale includes a commercial lease with a monthly rent of $150.00, yearly rent of $1,800 and the cafe tenant does not pay for any building cost such as utilities, maintenance, waste, etc. The café has substantial seating and is fully equipped for increased production. The dining area is often used for conference meetings, catering and or private parties, of which this café services. First-class business lounge featuring comfortable seating areas, barista café serving coffees, espressos and pastries, game tables, an art studio, bike sharing, conference & training room, new fitness center with showers & locker room plus new co-working offices. The business is at a commercial campus with numerous other commercial building and hundreds of additional tenants. This opportunity is located in Northern New Jersey, Morris County close to various state highways. This restaurants cafeteria offers basic breakfast & lunch dishes including soups, salads, wraps, sandwiches, burgers, platters including various day to day specials. This café restaurant company consist of one full time employee who may not be aware of the pending sale. The payroll is primarily based on an hourly basis, and the monthly payroll expense is approximately $1,200. The 2018 yearly gross income represented by the seller/owner is $105,000 and the business has a yearly net income of approximately $55,000 based on an onsite owner operator which includes any seller discretionary income and prior to any debt service. The 2019 company’s gross income is expected to be similar to the previous year. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.
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Property Features and Assets:
This café restaurant facility consists of approximately 1,800 square feet with a modern attractive appearance. The business is in a high-rise commercial office complex with many non-retail companies. This opportunity is in Northern New Jersey, Morris County, near to various highway. Two, 3-Story Buildings comprising a total of 172,000 square feet with excellent location just off I-287 and Route 24 and close proximity to Route 10, Route 280 and I-80. Convenient access to Rte.’s 10, 46, I-80, and I-78.
Market Competition and Expansion:
The café can be further developed with improved catering and a delivery service. Additionally, further growth is available by developing a marketing plan and local advertising. The company has a limited poor non-optimized web site and if adjusted can further develop the business yearly gross sales. Regarding competition, because the café is in an office building it is our understanding the landlord will not allow competitors. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Sale is due to owner's current 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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