Property Details

Significant Price Reduction for Downtown Rochester Coffee Shop/Cafe - Monroe County

Property ID : LB22.195

For Sale $30,000.00 - Cafe-Coffee Shop, Restaurant

DESCRIPTION:

  • Café/Coffee Shop established in 2016.
  • Located in the heart of Downtown Rochester, NY.
  • Modern 2,256 sq. ft. facility, with stunning décor and furniture; dining and sitting areas for 50 customers.
  • Outside seating area of 20 available in warmer months.
  • Functional service, kitchen and prep areas, with all the amenities necessary for a high-volume café.
  • Menu includes coffees, teas, smoothies and donuts.
  • Currently open every day from 7am-3pm.

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price):

  • FF&E, with an estimated value of $ 50,000,
  • Furniture and Equipment are in excellent condition.

 LEASE ARRANGEMENTS:

  • Gross rent is currently $1,530/month, with 2% annual increases.
  • Current lease expires in 2020 with two 3-5-year extensions available.
  • Garbage and water are included in the gross rent.

SALES AND SELLERS DISCRETIONARY EARNINGS (SDE):

  • Sales for 2017 were $ 173,127.   Business opened in the middle of 2016.
  • SDE for 2017 was $ 20,005

 PRICE/FINANCING:

  • Asking price is $ 30,000.

 COMMENTS:

  • Great opportunity for a new operator to get in the food business at a minimal investment and great potential.
  • New operator can increase sales with extended hours and more menu options.
  • An owner-operator can greatly reduce existing high food and labor cost for extra profit.
  • Excellent second or multiple locations for an existing owner to brand their current name and concept.

Agent Lou Bellanca

Lou-Bellanca1
  • Office : 585-247-4750

Lou Bellanca has been with AMD Business Brokers since 2009, bringing over 20 years of…
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