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- RE: Modern Rural Cafe In Historic Mixed Use Building
- Contact: Michael Whitesel
Quick Facts
Asking Price: | $759,702 | |
Annual Revenue: | $366,471 | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $57,202 | |
Real Estate: | Not Disclosed | |
Year Established: | 2003 | |
Employees: | 12 | |
BBN Listing #: | 943956 | |
Broker Reference #: | 59071-181295 |
Business Overview:
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Property Features and Assets:
It is a two-level building (with full basement) constructed in 1924. One of the current owners was raised locally (as was his father). When the building became available in 2003, he jumped at the chance to buy it. He had known the building his whole life and imagined bringing it back to life. He opened a coffeehouse in the street-level space, which had previously housed a tavern, and rented out the second level apartments. After 10 years, the couple restructured, rebranded, and grew the cafe into the social hub of the community that it is today.
Market Competition and Expansion:
There is no other place like it in town. No other café, only one other place open by 8:00 am and no Starbucks within 30 miles.
This bistro and building are poised for increased revenue. With the huge investment made to bringing the kitchen up to professional grade, there is opportunity for expanding back into dinner service and adding more catering. Also, the two inn rooms demonstrate the potential for converting more of those rooms into short-term vacation rentals. Currently getting great feedback and response with the current rooms.
Reason for Selling:
retiring
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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