Property ID : LB22.195
For Sale $40,000.00 - Cafe-Coffee Shop, Restaurant
- 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.
- 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
- Asking price is $ 40,000.
- 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.