Seller's Contact Information
- RE: Full Service Cafe In Quaint Resort Community
- Contact: Jeffrey Hoag
Quick Facts
| Asking Price: | $65,000 | |
| Annual Revenue: | $164,847 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $29,436 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 1,500 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1935 | |
| Employees: | 4 | |
| BBN Listing #: | 286664971 | |
| Broker Reference #: | 60351-906293 |
Business Overview:
Rare opportunity to own an historic full-service breakfast and lunch restaurant located in a busy lakeshore resort community. The area is a popular tourist destination and this business benefits from nearby short-term rentals and multiple campgrounds, but is also well supported by a regular crowd of local residents. This family owned and operated café seats approximately 75 patrons and currently employs one full-time manager and three part-time employees. The restaurant has historically kept seasonal hours and typically shuts down for approximately two months in the winter.
The business leases approximately 3,000 Square Feet for $1,200 per month. The lease includes the majority of the food service equipment and furniture (owned by the landlord) and is set to expire in March of 2024. The current owner is willing to work with the buyer and landlord to secure a new lease that is amenable to the new owner.
The current owners reopened in March of 2022, after a closure of several months. In this short time, they have done all of the labor-intensive and costly work of getting this establishment licensed and permitted, building a menu and following, all while creating positive cash flow. This is truly a turn key opportunity for a new owner.
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Property Features and Assets:
Monthly Rent: $1,200.00 Square Units (Foot, Meter): 3,000 Lease Expiration Date: March 30, 2024, 9:00:00 PM Terms Options: Current owner will assist new owner in securing a new lease FF&E Overview: The landlord owns the majority of the FF&E – tables, chairs, food service equipment - and these items are included as part of the monthly rent. Seller owns dishware, silverware, glasses, etc. and is including them as part of the sale. The current owner rents a computerized point of sale system. This system could be transferred over to a new owner, or they could procure a new system that fits their needs. FF&E General Condition: Good
Market Competition and Expansion:
This business is the only full-service restaurant in a small resort town surrounded by short term rentals and campgrounds. It benefits from its location along a main state highway and is also located just off the interstate highway system. Patrons must travel 15 to 20 minutes in any direction to find another full-service restaurant. Potential growth opportunities include increasing hours to include dinner service and expanding capacity by offering seasonal outdoor seating. The current owner has recently begun to provide catering services and has considered offering freshly made bakery items for sale as a way of increasing revenues.
Reason for Selling:
Pursing other business opportunities.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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