Business Overview:
This cafe and coffee bar is ideally located. A prospective buyer would acquire this franchise for just the cost of a $5,000 transfer fee. As well, low leasing and a $2,000 per year liquor permit come with the store location. As well, the store comes with a $250,000 buildout that is contemporary and elegant as well as $85,000 in equipment. This would be an excellent investment in a thriving town near Kean University. The business has suffered from current losses experienced by the covid crisis. However, this is an excellent opportunity to acquire the franchise license, equipment, inventory, lease, and alcohol permit at a fraction of the cost. The facility also set up for an entertainment venue and also catering.
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Property Features and Assets:
2000 sqft high-end coffee shop which seats 35. $250,000 is built out renovations invested. Located at Union train station. Franchise affiliation only requires a $5,000 transfer fee. If the franchise were purchased, the fee would be $30,000.
Market Competition and Expansion:
N/A
Reason for Selling:
Impact of pandemic
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
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