UES/Lex ave corner. Fine Food-Catering. Long lease

New York, NY
New York County

Asking Price: Annual Revenue:
$750,000 $1,482,460

Food & Beverage: Catering, Food Preparation

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RE: UES/Lex ave corner. Fine Food-Catering. Long lease Broker: Carey Davis
Owner Financing is Available!

Quick Facts

Asking Price: $750,000
Annual Revenue: $1,482,460
Net Profit: Not Disclosed
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 22
BBN Listing #: 24435879
Broker Reference #: 6842-64618

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Business Overview:

Lease thru June 2022 with 5 year option. Fine Food & Catering. Profitable. 100% absentee. Breakfast combos range from bagels to omelettes,breakfast meats, pancakes to eggs any style, Lunch draws the biggest revenue with salad station, soup section, full grill and burgers. Smoothies, fresh juice bar and full coffee and espresso selections.

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Property Features and Assets:

PRICE DROP! OWNER MUST SELL. In 2012, the seller of this popular takeout/ eat-in deli signed a long- term, below market lease for a full cafe and catering company. He hired a great manager and team. Cafe and catering $1.4mm revs. 100% absentee. Perfect for owner-operator. Breakfast to dinner. SELLER HAS DROPPED PRICE TO $750,000.

Market Competition and Expansion:

Superior Lex Ave/ UES corner location! Breakfast thru dinner with annual revenue close to $1.5m. The cafe is well organized with sections for breakfast, salads, pasta, juice, coffee, grill. Busy take out with plenty of tables for eating in. Potential Growth Owner operator would take the bottom line to the TOP! Plus, a much bigger potential exists for catering.

Reason for Selling:

Change of business

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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